Lockwood Plan, Morning MistSimpsonvilleSC29680
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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
Investment property for sale in Simpsonville at Lockwood Plan, Morning Mist, Simpsonville, SC, 29680 uses $167,920 cash to close to unlock $7,486/yr annual cash flow and $624/mo monthly cash flow. Total monthly income runs $3,662/mo, and a $2,498/mo payment keeps the spread at $624/mo. Purchase price stands at $510,396, and rental yield measures 8.61% with $3,662/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $141,013 over five years. Five-year ROI reaches 127.21% and total cumulative return in cash records $213,608. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,662/mo property income covering a $2,498/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A 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: Alex Neller • Dream Finders Homes
Mls Name: Dream Finders Homes
Mls Provider:
Mls ID: #N/A