400 E Washington St UNIT 15GreenvilleSC29601
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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 400 E Washington St UNIT 15, Greenville, SC, 29601 offers a 8.65% rental yield on a $363,000 purchase with $2,616/mo rent. Total monthly income registers $2,616/mo, and a $1,777/mo payment leaves $413/mo available for distribution. Annual cash flow reaches $4,953/yr on $120,335 to close, and return on cash invested stands at 24.03% in year one. Equity gained on principal adds $2,342/yr while 5% annual appreciation supports $100,290 over five years. Portfolio math shows five-year ROI at 124.75% and total cumulative return in cash at $150,123. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,616/mo property income against a $1,777/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29601, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,637 (100%) |
| Owner Occupied HU | 2,697 (28.0%) |
| Renter Occupied HU | 5,241 (54.4%) |
| Vacant Housing Units | 1,699 (17.6%) |
| Median Home Value | $595,087 |
| Average Home Value | $719,499 |
Housing Distribution
Address Breakdown
Residential
8,780
Single Family
4,683
Multi-Family
4,097
Businesses
1,624
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Listed by: Jonathan Minerick • Homecoin.com
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1568602
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.