508 Bellgreen AveSimpsonvilleSC29680
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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
Rental property for sale in Simpsonville at 508 Bellgreen Ave, Simpsonville, SC, 29680 priced at $435,000 converts $2,851/mo rent into $262/mo cash flow after a $2,129/mo obligation. Total monthly income equals $2,851/mo, and annual cash flow totals $3,140/yr on $144,203 invested. Return on cash invested prints 22.09% in year one, and rental yield reads 7.86% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 114.21% and total cumulative return in cash sums $164,700. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,851/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Single Family
Built in 2017
7,840 sqft 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: Lydia Johnson • Marchant Real Estate Inc.
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1557741
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.