402 Meadowcroft LnSimpsonvilleSC29681
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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 402 Meadowcroft Ln, Simpsonville, SC, 29681 offers $3,760/mo rent that, after a $3,377/mo payment. Total monthly income is $3,760/mo. Return on cash invested measures 18.22% in year one, and rental yield stands at 6.54% at a $689,900 entry. Equity gained on principal adds $4,452/yr while 5% annual appreciation compounds into $190,607 by year five. Five-year ROI records 93.47% and total cumulative return in cash reaches $212,149. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,760/mo property income versus a $3,377/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.57 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: Sharon Campbell-Bishop • Bishop Real Estate Services
Mls Name: Greater Greenville AOR
Mls ID: #1578527