29 Parkgate CtSimpsonvilleSC29680
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Simpsonville at 29 Parkgate Ct, Simpsonville, SC, 29680 priced at $285,000 converts $2,360/mo rent into $552/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,360/mo, and annual cash flow totals $6,618/yr on $94,478 invested. Return on cash invested prints 26.91% in year one, and rental yield reads 9.94% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 140.64% and total cumulative return in cash sums $132,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,360/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 2005
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29680, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,688 (100%) |
| Owner Occupied HU | 11,639 (74.2%) |
| Renter Occupied HU | 3,411 (21.7%) |
| Vacant Housing Units | 638 ( 4.1%) |
| Median Home Value | $337,572 |
| Average Home Value | $368,365 |
Housing Distribution
Address Breakdown
Residential
16,044
Single Family
13,628
Multi-Family
2,416
Businesses
606
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Listed by: A. Maria Godfrey • First Step Realty, LLC
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1561070
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.