311 Lodestone RdSimpsonvilleSC29680
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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 311 Lodestone Rd, Simpsonville, SC, 29680 priced at $335,900 converts $2,640/mo rent into $641/mo cash flow after a $1,644/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $7,686/yr on $111,351 invested. Return on cash invested prints 26.81% in year one, and rental yield reads 9.43% against a $335,900 entry. Equity gained on principal adds $2,168/yr, while 5% annual appreciation compiles into $92,803 by year five. Five-year ROI reaches 139.55% and total cumulative return in cash sums $155,391. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,644/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29680, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,688 (100%) |
| Owner Occupied HU | 11,639 (74.2%) |
| Renter Occupied HU | 3,411 (21.7%) |
| Vacant Housing Units | 638 ( 4.1%) |
| Median Home Value | $337,572 |
| Average Home Value | $368,365 |
Housing Distribution
Address Breakdown
Residential
16,044
Single Family
13,628
Multi-Family
2,416
Businesses
606
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Listed by: Trina Montalbano • D.R. Horton
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1542977
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.