7 Welch StGreenvilleSC29605
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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 7 Welch St, Greenville, SC, 29605 offers $1,498/mo rent that, after a $950/mo payment, leaves $343/mo cash flow. Total monthly income is $1,498/mo, and annual cash flow is $4,112/yr on $64,311 cash. Return on cash invested measures 26.3% in year one, and rental yield stands at 9.27% at a $194,000 entry. Equity gained on principal adds $1,252/yr while 5% annual appreciation compounds into $53,599 by year five. Five-year ROI records 136.84% and total cumulative return in cash reaches $88,004. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,498/mo property income versus a $950/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29605, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,337 (100%) |
| Owner Occupied HU | 11,655 (63.6%) |
| Renter Occupied HU | 5,250 (28.6%) |
| Vacant Housing Units | 1,432 ( 7.8%) |
| Median Home Value | $335,159 |
| Average Home Value | $427,694 |
Housing Distribution
Address Breakdown
Residential
16,911
Single Family
15,927
Multi-Family
984
Businesses
1,116
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Listed by: Blair Miller • Wilson Associates
Mls Name: Greater Greenville AOR
Mls ID: #1571517