8 Melody LnGreenvilleSC29617
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 Greenville at 8 Melody Ln, Greenville, SC, 29617 uses $96,798 cash to close to unlock $3,480/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $2,028/mo, and a $1,429/mo payment keeps the spread at $290/mo. Purchase price stands at $292,000, and rental yield measures 8.33% with $2,028/mo rent. Return on cash invested shows 23.5% in year one, and 5% annual appreciation builds toward $80,674 over five years. Five-year ROI reaches 121.78% and total cumulative return in cash records $117,884. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,028/mo property income covering a $1,429/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29617, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,678 (100%) |
| Owner Occupied HU | 8,361 (61.1%) |
| Renter Occupied HU | 4,476 (32.7%) |
| Vacant Housing Units | 841 ( 6.1%) |
| Median Home Value | $247,851 |
| Average Home Value | $301,832 |
Housing Distribution
Address Breakdown
Residential
12,919
Single Family
11,154
Multi-Family
1,765
Businesses
368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jasma Peters • Realty One Group Freedom
Mls Name: Greater Greenville AOR
Mls ID: #1573787