603 Spring Forest Road UNIT HGreenvilleNC27834
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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 603 Spring Forest Road UNIT H, Greenville, NC, 27834 offers a 12.28% rental yield on a $159,900 purchase with $1,636/mo rent. Total monthly income registers $1,636/mo, and a $783/mo payment leaves $461/mo available for distribution. Annual cash flow reaches $5,533/yr on $53,007 to close, and return on cash invested stands at 30.35% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 160.43% and total cumulative return in cash at $85,038. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,636/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
N/A lot
$N/A/sqft
$2,400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27834, Greenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,275 (100%) |
| Owner Occupied HU | 10,394 (36.8%) |
| Renter Occupied HU | 14,525 (51.4%) |
| Vacant Housing Units | 3,356 (11.9%) |
| Median Home Value | $202,871 |
| Average Home Value | $256,226 |
Housing Distribution
Address Breakdown
Residential
26,516
Single Family
21,998
Multi-Family
4,518
Businesses
1,813
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Listed by: EMILY MCALLISTER • Real Broker LLC
Mls Name: NCRMLS
Mls Provider:
Mls ID: #100465393
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of 2024-02-16 15:12:29 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024 North Carolina Regional MLS LLC