308 Cumulus CtGreerSC29650
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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 Greer at 308 Cumulus Ct, Greer, SC, 29650 priced at $225,000 pairs $1,901/mo rent with $555/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,901/mo, and annual cash flow comes to $6,662/yr on $74,588 invested. Return on cash invested is 28.84% in year one, and rental yield stands at 10.14% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 150.52% and total cumulative return in cash reaches $112,269. For financing, Ziffy Mortgage’s DSCR program evaluates $1,901/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2006
1,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29650, Greer, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,193 (100%) |
| Owner Occupied HU | 11,448 (66.6%) |
| Renter Occupied HU | 4,627 (26.9%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $402,689 |
| Average Home Value | $451,242 |
Housing Distribution
Address Breakdown
Residential
16,867
Single Family
13,870
Multi-Family
2,997
Businesses
1,238
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Listed by: Jennifer Pruitt • Carolina Moves, LLC
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1560323
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.