505 Bayridge RdSimpsonvilleSC29680
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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 Simpsonville at 505 Bayridge Rd, Simpsonville, SC, 29680 with 5% annual appreciation on a $331,670 basis while $2,640/mo rent supports operations. Total monthly income totals $2,640/mo and a $1,623/mo payment preserves $666/mo for cash returns. Annual cash flow comes to $7,992/yr on $109,949 deployed, and return on cash invested reaches 27.18% in year one. Equity gained on principal adds $2,140/yr, and five-year appreciation sums $91,634 alongside rental yield of 9.55%. Five-year ROI measures 141.49% and total cumulative return in cash totals $155,563.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,640/mo property income versus a $1,623/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A 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
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Listed by: Online Concierge Team • D.R. Horton - Greenville
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A