613 Cartmel StGreerSC29651
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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 Greer at 613 Cartmel St, Greer, SC, 29651 uses $116,025 cash to close to unlock $8,059/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $2,755/mo, and a $1,713/mo payment keeps the spread at $672/mo. Purchase price stands at $350,000, and rental yield measures 9.45% with $2,755/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 139.78% and total cumulative return in cash records $162,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,755/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2023
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29651, Greer, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,589 (100%) |
| Owner Occupied HU | 17,483 (74.1%) |
| Renter Occupied HU | 4,872 (20.7%) |
| Vacant Housing Units | 1,234 ( 5.2%) |
| Median Home Value | $327,690 |
| Average Home Value | $366,187 |
Housing Distribution
Address Breakdown
Residential
23,193
Single Family
22,545
Multi-Family
648
Businesses
992
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