504 Mills Hill WayGreenvilleSC29605
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 504 Mills Hill Way, Greenville, SC, 29605 uses $95,804 cash to close to unlock $10,598/yr annual cash flow and $883/mo monthly cash flow. Total monthly income runs $2,604/mo, and a $1,415/mo payment keeps the spread at $883/mo. Purchase price stands at $289,000, and rental yield measures 10.81% with $2,604/mo rent. Return on cash invested shows 30.97% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 161.88% and total cumulative return in cash records $155,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,604/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29605, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,337 (100%) |
| Owner Occupied HU | 11,655 (63.6%) |
| Renter Occupied HU | 5,250 (28.6%) |
| Vacant Housing Units | 1,432 ( 7.8%) |
| Median Home Value | $335,159 |
| Average Home Value | $427,694 |
Housing Distribution
Address Breakdown
Residential
16,911
Single Family
15,927
Multi-Family
984
Businesses
1,116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Alexiou • RE/MAX Results Greenville
Mls Name: Greater Greenville AOR
Mls ID: #1573255