712 Spring Lake LoopSimpsonvilleSC29681
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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 Simpsonville at 712 Spring Lake Loop, Simpsonville, SC, 29681 generates $2,525/mo in rent and, after a $2,051/mo payment, leaves $31/mo in cash flow. Total monthly income is $2,525/mo, and annual cash flow is $367/yr on $138,899 invested. Return on cash invested sits at 20.17% in year one, and rental yield is 7.23% on a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 103.95% and total cumulative return in cash sums $144,389. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,525/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29681, Simpsonville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,732 (100%) |
| Owner Occupied HU | 21,349 (83.0%) |
| Renter Occupied HU | 3,417 (13.3%) |
| Vacant Housing Units | 966 ( 3.8%) |
| Median Home Value | $378,229 |
| Average Home Value | $419,357 |
Housing Distribution
Address Breakdown
Residential
25,817
Single Family
24,074
Multi-Family
1,743
Businesses
1,206
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Listed by: Thomas Shoupe • Opendoor Brokerage
Mls Name: Greater Greenville AOR
Mls ID: #1562860