509 Martin Creek DrSimpsonvilleSC29680
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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 509 Martin Creek Dr, Simpsonville, SC, 29680 uses $102,990 cash to close to unlock $4,562/yr annual cash flow and $380/mo monthly cash flow. Total monthly income runs $2,230/mo, and a $1,521/mo payment keeps the spread at $380/mo. Purchase price stands at $310,680, and rental yield measures 8.61% with $2,230/mo rent. Return on cash invested shows 24.34% in year one, and 5% annual appreciation builds toward $85,835 over five years. Five-year ROI reaches 126.32% and total cumulative return in cash records $130,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,230/mo property income covering a $1,521/mo payment rather than investor’s personal income.
Townhouse
Built in 2022
2,380 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: Michael McGreevey • Herlong Sotheby's International Realty
Mls Name: Greater Greenville AOR
Mls ID: #1572521