58 Hemingway LnSimpsonvilleSC29681
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
Investment Highlights
Rental property for sale in Simpsonville at 58 Hemingway Ln, Simpsonville, SC, 29681 priced at $400,000 converts $2,814/mo rent into $433/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,814/mo, and annual cash flow totals $5,192/yr on $132,600 invested. Return on cash invested prints 23.82% in year one, and rental yield reads 8.44% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 123.52% and total cumulative return in cash sums $163,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,814/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in N/A
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29681, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,732 (100%) |
| Owner Occupied HU | 21,349 (83.0%) |
| Renter Occupied HU | 3,417 (13.3%) |
| Vacant Housing Units | 966 ( 3.8%) |
| Median Home Value | $378,229 |
| Average Home Value | $419,357 |
Housing Distribution
Address Breakdown
Residential
25,817
Single Family
24,074
Multi-Family
1,743
Businesses
1,206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grace Jensen • EXP Realty LLC
Mls Name: Greater Greenville AOR
Mls ID: #1573112