409 Simpson StWestminsterSC29693
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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
Rental property for sale in Westminster at 409 Simpson St, Westminster, SC, 29693 priced at $139,900 converts $1,066/mo rent into $179/mo cash flow after a $685/mo obligation. Total monthly income equals $1,066/mo, and annual cash flow totals $2,143/yr on $46,377 invested. Return on cash invested prints 24.53% in year one, and rental yield reads 9.14% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 127.85% and total cumulative return in cash sums $59,295. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,066/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1960
5.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29693, Westminster, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,628 (100%) |
| Owner Occupied HU | 5,014 (65.7%) |
| Renter Occupied HU | 1,049 (13.8%) |
| Vacant Housing Units | 1,565 (20.5%) |
| Median Home Value | $201,287 |
| Average Home Value | $262,060 |
Housing Distribution
Address Breakdown
Residential
6,839
Single Family
6,789
Multi-Family
50
Businesses
335
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Nearby investment properties with comparable prices
Listed by: Gregory Finley • Felix Finley Real Estate
Mls Name: WUMLS
Mls Provider:
Mls ID: #20281791
Disclaimer: The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS, Inc. and the Western Upstate Multiple Listing Service, Inc This information is deemed reliable, but not guaranteed. Neither, the Western Upstate Association of REALTORS, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose.