408 Townes St UNIT 3GreenvilleSC29601
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
Investment property for sale in Greenville at 408 Townes St UNIT 3, Greenville, SC, 29601 offers a 9.51% rental yield on a $359,000 purchase with $2,845/mo rent. Total monthly income registers $2,845/mo, and a $1,757/mo payment leaves $708/mo available for distribution. Annual cash flow reaches $8,497/yr on $119,009 to close, and return on cash invested stands at 27.05% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 140.86% and total cumulative return in cash at $167,635. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,845/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua Moore • BHHS C Dan Joyner - Midtown
Mls Name: Greater Greenville AOR
Mls ID: #1578032