601 12a Cleveland StGreenvilleSC29601
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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 601 12a Cleveland St, Greenville, SC, 29601 uses $82,544 cash to close to unlock $4,722/yr annual cash flow and $393/mo monthly cash flow. Total monthly income runs $1,876/mo, and a $1,219/mo payment keeps the spread at $393/mo. Purchase price stands at $249,000, and rental yield measures 9.04% with $1,876/mo rent. Return on cash invested shows 25.63% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 133.25% and total cumulative return in cash records $109,988. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,876/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Condo
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29601, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,637 (100%) |
| Owner Occupied HU | 2,697 (28.0%) |
| Renter Occupied HU | 5,241 (54.4%) |
| Vacant Housing Units | 1,699 (17.6%) |
| Median Home Value | $595,087 |
| Average Home Value | $719,499 |
Housing Distribution
Address Breakdown
Residential
8,780
Single Family
4,683
Multi-Family
4,097
Businesses
1,624
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Listed by: Heidi Putnam • Coldwell Banker Caine/Williams
Mls Name: Greater Greenville AOR
Mls ID: #1570544