7 Redbarn CtSimpsonvilleSC29680
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
Investment property for sale in Simpsonville at 7 Redbarn Ct, Simpsonville, SC, 29680 uses $47,371 cash to close to unlock $10,545/yr annual cash flow and $879/mo monthly cash flow. Total monthly income runs $1,729/mo, and a $699/mo payment keeps the spread at $879/mo. Purchase price stands at $142,900, and rental yield measures 14.52% with $1,729/mo rent. Return on cash invested shows 42.17% in year one, and 5% annual appreciation builds toward $39,481 over five years. Five-year ROI reaches 221.92% and total cumulative return in cash records $105,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,729/mo property income covering a $699/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29680, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,688 (100%) |
| Owner Occupied HU | 11,639 (74.2%) |
| Renter Occupied HU | 3,411 (21.7%) |
| Vacant Housing Units | 638 ( 4.1%) |
| Median Home Value | $337,572 |
| Average Home Value | $368,365 |
Housing Distribution
Address Breakdown
Residential
16,044
Single Family
13,628
Multi-Family
2,416
Businesses
606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Spearman • North Group Real Estate
Mls Name: Greater Greenville AOR
Mls ID: #1556735