306 Fairdale DrSimpsonvilleSC29681
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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 306 Fairdale Dr, Simpsonville, SC, 29681 priced at $296,000 pairs $2,200/mo rent with $438/mo cash flow after a $1,449/mo payment. Total monthly income equals $2,200/mo, and annual cash flow comes to $5,253/yr on $98,124 invested. Return on cash invested is 25.26% in year one, and rental yield stands at 8.92% on a $296,000 basis. Equity gained on principal adds $1,910/yr, and 5% annual appreciation accumulates to $81,779 by year five. Five-year ROI measures 131.25% and total cumulative return in cash reaches $128,788. For financing, Ziffy Mortgage’s DSCR program evaluates $2,200/mo property income against a $1,449/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
N/A 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: Rick Brugger • Keller Williams Greenville Central
Mls Name: Greater Greenville AOR
Mls ID: #1574614