308 Virginia AveGreenwoodSC29646
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Greenwood at 308 Virginia Ave, Greenwood, SC, 29646 offers $1,094/mo rent that, after a $710/mo payment, leaves $231/mo cash flow. Total monthly income is $1,094/mo, and annual cash flow is $2,767/yr on $48,068 cash. Return on cash invested measures 25.66% in year one, and rental yield stands at 9.05% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 133.43% and total cumulative return in cash reaches $64,136. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,094/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29646, Greenwood, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,087 (100%) |
| Owner Occupied HU | 6,689 (55.3%) |
| Renter Occupied HU | 4,340 (35.9%) |
| Vacant Housing Units | 1,058 ( 8.8%) |
| Median Home Value | $176,259 |
| Average Home Value | $244,779 |
Housing Distribution
Address Breakdown
Residential
11,449
Single Family
10,530
Multi-Family
919
Businesses
704
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Listed by: Larry Morton • Morton's Realty
Mls Name: MLS Of Greenwood Sc Inc.
Mls ID: #134953