516 Spring StGreenvilleSC29611
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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 Greenville at 516 Spring St, Greenville, SC, 29611 with 5% annual appreciation on a $175,000 basis while $1,742/mo rent supports operations. Total monthly income totals $1,742/mo and a $857/mo payment preserves $700/mo for cash returns. Annual cash flow comes to $8,398/yr on $58,013 deployed, and return on cash invested reaches 34.38% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 11.95%. Five-year ROI measures 180.16% and total cumulative return in cash totals $104,515.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,742/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29611, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,930 (100%) |
| Owner Occupied HU | 7,523 (50.4%) |
| Renter Occupied HU | 5,856 (39.2%) |
| Vacant Housing Units | 1,551 (10.4%) |
| Median Home Value | $208,785 |
| Average Home Value | $270,819 |
Housing Distribution
Address Breakdown
Residential
13,167
Single Family
11,909
Multi-Family
1,258
Businesses
1,052
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Listed by: Carmen Feemster • BHHS C Dan Joyner - Augusta Rd
Mls Name: Greater Greenville AOR
Mls ID: #1573083