914 Spring Forest Road #C3GreenvilleNC27834
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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 914 Spring Forest Road #C3, Greenville, NC, 27834 generates $1,115/mo in rent and, after a $683/mo payment, leaves $265/mo in cash flow. Total monthly income is $1,115/mo, and annual cash flow is $3,175/yr on $46,244 invested. Return on cash invested sits at 26.78% in year one, and rental yield is 9.59% on a $139,500 entry. Equity gained on principal adds $900/yr, while 5% annual appreciation builds toward $38,541 over five years. Five-year ROI reaches 139.55% and total cumulative return in cash sums $64,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,115/mo property income rather than buyer’s personal income.
Townhouse
Built in 2002
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27834, Greenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,275 (100%) |
| Owner Occupied HU | 10,394 (36.8%) |
| Renter Occupied HU | 14,525 (51.4%) |
| Vacant Housing Units | 3,356 (11.9%) |
| Median Home Value | $202,871 |
| Average Home Value | $256,226 |
Housing Distribution
Address Breakdown
Residential
26,516
Single Family
21,998
Multi-Family
4,518
Businesses
1,813
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Listed by: JACKIE LEONARD • JACKIE LEONARD AGENCY
Mls Name: Hive MLS
Mls ID: #100551175