389 Heritage Point DrSimpsonvilleSC29681
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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 Simpsonville at 389 Heritage Point Dr, Simpsonville, SC, 29681 offers a 8.35% rental yield on a $589,000 purchase with $4,100/mo rent. Total monthly income registers $4,100/mo, and a $2,883/mo payment leaves $594/mo available for distribution. Annual cash flow reaches $7,124/yr on $193,781 to close, and return on cash invested stands at 23.74% in year one. Equity gained on principal adds $3,801/yr while 5% annual appreciation supports $162,730 over five years. Portfolio math shows five-year ROI at 123.03% and total cumulative return in cash at $238,406. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,100/mo property income against a $2,883/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29681, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,732 (100%) |
| Owner Occupied HU | 21,349 (83.0%) |
| Renter Occupied HU | 3,417 (13.3%) |
| Vacant Housing Units | 966 ( 3.8%) |
| Median Home Value | $378,229 |
| Average Home Value | $419,357 |
Housing Distribution
Address Breakdown
Residential
25,817
Single Family
24,074
Multi-Family
1,743
Businesses
1,206
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Listed by: Sarah Gilley • Coldwell Banker Caine/Williams
Mls Name: Greater Greenville AOR
Mls ID: #1578536