308 Farmington RdGreenvilleSC29605
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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 Greenville at 308 Farmington Rd, Greenville, SC, 29605 listed at $375,000 pairs $2,681/mo rent with a $1,835/mo payment to leave $449/mo cash flow. Total monthly income runs $2,681/mo, and annual cash flow reaches $5,390/yr on $124,313 cash to close. Return on cash invested measures 24.24% in year one, and rental yield registers 8.58% 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 125.81% and total cumulative return in cash totals $156,399. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,681/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 1961
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29605, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,337 (100%) |
| Owner Occupied HU | 11,655 (63.6%) |
| Renter Occupied HU | 5,250 (28.6%) |
| Vacant Housing Units | 1,432 ( 7.8%) |
| Median Home Value | $335,159 |
| Average Home Value | $427,694 |
Housing Distribution
Address Breakdown
Residential
16,911
Single Family
15,927
Multi-Family
984
Businesses
1,116
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Listed by: JOSEPH BLACKTON • BLACKTON PROPERTY PARTNERS
Mls Name: SAR
Mls ID: #329159