307 Gibby 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
Investment property for sale in Simpsonville at 307 Gibby Ln, Simpsonville, SC, 29681 listed at $375,000 pairs $3,264/mo rent with a $1,835/mo payment to leave $1,002/mo cash flow. Total monthly income runs $3,264/mo, and annual cash flow reaches $12,024/yr on $124,313 cash to close. Return on cash invested measures 29.58% in year one, and rental yield registers 10.44% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 154.49% and total cumulative return in cash totals $192,051. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,264/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 20166
6,534 sqft lot
$N/A/sqft
$362 annually 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: Britt Brandt • Realty One Group Freedom
Mls Name: SAR
Mls Provider:
Mls ID: #318261
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.