304 Lodestone RdSimpsonvilleSC29680
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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
Investment property for sale in Simpsonville at 304 Lodestone Rd, Simpsonville, SC, 29680 listed at $359,900 pairs $3,022/mo rent with a $1,762/mo payment to leave $879/mo cash flow. Total monthly income runs $3,022/mo, and annual cash flow reaches $10,549/yr on $119,307 cash to close. Return on cash invested measures 28.75% in year one, and rental yield registers 10.08% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 149.99% and total cumulative return in cash totals $178,946. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,022/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A 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: Online Concierge Team • D.R. Horton - Greenville
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A