514 Millervale 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
Rental property for sale in Greer at 514 Millervale Rd, Greer, SC, 29650 generates $2,838/mo in rent and, after a $1,821/mo payment, leaves $623/mo in cash flow. Total monthly income is $2,838/mo, and annual cash flow is $7,480/yr on $123,318 invested. Return on cash invested sits at 25.97% in year one, and rental yield is 9.15% on a $372,000 entry. Equity gained on principal adds $2,400/yr, while 5% annual appreciation builds toward $102,777 over five years. Five-year ROI reaches 135.08% and total cumulative return in cash sums $166,581. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,838/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
6,534 sqft 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: MICHELLE WOOD • Better Homes & Gardens Young &
Mls Name: SAR
Mls ID: #324851