601 Cleveland St APT 8DGreenvilleSC29601
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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 Greenville at 601 Cleveland St APT 8D, Greenville, SC, 29601 priced at $219,999 converts $1,727/mo rent into $417/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,727/mo, and annual cash flow totals $5,006/yr on $72,930 invested. Return on cash invested prints 26.77% in year one, and rental yield reads 9.42% against a $219,999 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 139.4% and total cumulative return in cash sums $101,663. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,727/mo property income covering a $1,077/mo payment, not borrower’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: Katherine Freemon • BHHS C Dan Joyner - Midtown
Mls Name: Greater Greenville AOR
Mls ID: #1575922