505 E Hackney RdGreerSC29650
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 505 E Hackney Rd, Greer, SC, 29650 in Greer at $510,000 earns $3,182/mo in rent and nets $81/mo after the $2,293/mo payment, a 7.49% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $140,904 over five years. Ziffy Mortgage underwrites this on a 1.39 DSCR without U.S. credit history. With $4,697/yr in principal paydown, total projected return reaches $198,407.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 5.8% |
| Monthly Cash Flow | $81 | $485 |
City averages based on Greer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,182 |
| Total Monthly Debt Service | $2,898 |
| DSCR Ratio | 1.10x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.