501 Edwards Rd APT 2GreenvilleSC29615
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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
Investment property for sale in Greenville at 501 Edwards Rd APT 2, Greenville, SC, 29615 offers a 9.19% rental yield on a $168,900 purchase with $1,293/mo rent. Total monthly income registers $1,293/mo, and a $827/mo payment leaves $287/mo available for distribution. Annual cash flow reaches $3,447/yr on $55,990 to close, and return on cash invested stands at 26.07% in year one. Equity gained on principal adds $1,090/yr while 5% annual appreciation supports $46,664 over five years. Portfolio math shows five-year ROI at 135.62% and total cumulative return in cash at $75,936. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,293/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29615, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,522 (100%) |
| Owner Occupied HU | 10,413 (50.7%) |
| Renter Occupied HU | 8,450 (41.2%) |
| Vacant Housing Units | 1,659 ( 8.1%) |
| Median Home Value | $403,346 |
| Average Home Value | $456,036 |
Housing Distribution
Address Breakdown
Residential
19,028
Single Family
11,533
Multi-Family
7,495
Businesses
1,609
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Listed by: Sherry Tate • Coldwell Banker Caine/Williams
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1561580
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.