3 Ruby Bay LnSimpsonvilleSC29681
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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 3 Ruby Bay Ln, Simpsonville, SC, 29681 priced at $207,500 converts $1,775/mo rent into $539/mo cash flow after a $1,016/mo obligation. Total monthly income equals $1,775/mo, and annual cash flow totals $6,473/yr on $68,786 invested. Return on cash invested prints 29.32% in year one, and rental yield reads 10.27% against a $207,500 entry. Equity gained on principal adds $1,339/yr, while 5% annual appreciation compiles into $57,328 by year five. Five-year ROI reaches 153.03% and total cumulative return in cash sums $105,263. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,775/mo property income covering a $1,016/mo payment, not borrower’s personal income.
Townhouse
Built in 1974
735 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29681, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,732 (100%) |
| Owner Occupied HU | 21,349 (83.0%) |
| Renter Occupied HU | 3,417 (13.3%) |
| Vacant Housing Units | 966 ( 3.8%) |
| Median Home Value | $378,229 |
| Average Home Value | $419,357 |
Housing Distribution
Address Breakdown
Residential
25,817
Single Family
24,074
Multi-Family
1,743
Businesses
1,206
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Listed by: Kendall Keir • Wilson Associates
Mls Name: Greater Greenville AOR
Mls ID: #1571492