905 Spring Glen DrSimpsonvilleSC29680
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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 905 Spring Glen Dr, Simpsonville, SC, 29680 generates $2,789/mo in rent and, after a $1,566/mo payment, leaves $884/mo in cash flow. Total monthly income is $2,789/mo, and annual cash flow is $10,613/yr on $106,047 invested. Return on cash invested sits at 29.92% in year one, and rental yield is 10.46% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 156.22% and total cumulative return in cash sums $165,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,789/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.38 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
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Listed by: Andy Turner • Coldwell Banker Caine/Williams
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1552291
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.