416 Splendid PlSimpsonvilleSC29680
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 416 Splendid Pl, Simpsonville, SC, 29680 in Simpsonville. At $347,000 it earns $2,516/mo in rent and distributes $451/mo to the owner after the $1,560/mo payment, a consistent 8.7% yield. DSCR 1.61 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $95,870 in value; $3,196/yr in principal paydown compounds ownership stake. Total projected return: $160,230.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.8% |
| Monthly Cash Flow | $451 | $450 |
City averages based on Simpsonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,516 |
| Total Monthly Debt Service | $1,928 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2020
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29680, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,688 (100%) |
| Owner Occupied HU | 11,639 (74.2%) |
| Renter Occupied HU | 3,411 (21.7%) |
| Vacant Housing Units | 638 ( 4.1%) |
| Median Home Value | $337,572 |
| Average Home Value | $368,365 |
Housing Distribution
Address Breakdown
Residential
16,044
Single Family
13,628
Multi-Family
2,416
Businesses
606
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
Single Family
Built in 2020
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29680, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,688 (100%) |
| Owner Occupied HU | 11,639 (74.2%) |
| Renter Occupied HU | 3,411 (21.7%) |
| Vacant Housing Units | 638 ( 4.1%) |
| Median Home Value | $337,572 |
| Average Home Value | $368,365 |
Housing Distribution
Address Breakdown
Residential
16,044
Single Family
13,628
Multi-Family
2,416
Businesses
606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacie Thompson • RE/MAX Moves Fountain Inn
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1559588
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.