33 Racine CtGreenvilleSC29617
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 Greenville at 33 Racine Ct, Greenville, SC, 29617 priced at $297,000 converts $2,296/mo rent into $528/mo cash flow after a $1,454/mo obligation. Total monthly income equals $2,296/mo, and annual cash flow totals $6,332/yr on $98,456 invested. Return on cash invested prints 26.34% in year one, and rental yield reads 9.28% against a $297,000 entry. Equity gained on principal adds $1,916/yr, while 5% annual appreciation compiles into $82,056 by year five. Five-year ROI reaches 137.04% and total cumulative return in cash sums $134,922. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,296/mo property income covering a $1,454/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29617, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 8,361 (61.1%) |
| Renter Occupied HU | 4,476 (32.7%) |
| Vacant Housing Units | 841 ( 6.1%) |
| Median Home Value | $247,851 |
| Average Home Value | $301,832 |
Housing Distribution
Address Breakdown
Residential
12,919
Single Family
11,154
Multi-Family
1,765
Businesses
368
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Listed by: Thomas Shoupe • Opendoor Brokerage
Mls Name: Greater Greenville AOR
Mls ID: #1563315