505 E Hackney RdGreerSC29650
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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 Greer at 505 E Hackney Rd, Greer, SC, 29650 uses $167,790 cash to close to unlock $975/yr annual cash flow and $81/mo monthly cash flow. Total monthly income runs $3,182/mo, and a $2,496/mo payment keeps the spread at $81/mo. Purchase price stands at $510,000, and rental yield measures 7.49% with $3,182/mo rent. Return on cash invested shows 20.64% in year one, and 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 106.61% and total cumulative return in cash records $178,875. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,182/mo property income covering a $2,496/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29650, Greer, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,193 (100%) |
| Owner Occupied HU | 11,448 (66.6%) |
| Renter Occupied HU | 4,627 (26.9%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $402,689 |
| Average Home Value | $451,242 |
Housing Distribution
Address Breakdown
Residential
16,867
Single Family
13,870
Multi-Family
2,997
Businesses
1,238
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Listed by: Jennifer Simms • BHHS C Dan Joyner - Midtown
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1561026
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.