400 Mills Ave UNIT 203GreenvilleSC29605
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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
Total monthly income runs $2,242/mo, and a $2,540/mo payment. Purchase price stands at $519,000, and rental yield measures 5.18% with $2,242/mo rent. Return on cash invested shows 14.11% in year one, and 5% annual appreciation builds toward $143,390 over five years. Five-year ROI reaches 71.38% and total cumulative return in cash records $121,881. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,242/mo property income covering a $2,540/mo payment rather than investor’s personal income.
Condo
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29605, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,337 (100%) |
| Owner Occupied HU | 11,655 (63.6%) |
| Renter Occupied HU | 5,250 (28.6%) |
| Vacant Housing Units | 1,432 ( 7.8%) |
| Median Home Value | $335,159 |
| Average Home Value | $427,694 |
Housing Distribution
Address Breakdown
Residential
16,911
Single Family
15,927
Multi-Family
984
Businesses
1,116
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Listed by: Christy Vogel • Marchant Real Estate Inc.
Mls Name: Greater Greenville AOR
Mls ID: #1571708