Redwood Plan, River ReserveGreerSC29651
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
Rental property for sale in Greer at Redwood Plan, River Reserve, Greer, SC, 29651 priced at $658,750 converts $4,188/mo rent into $217/mo cash flow after a $3,224/mo obligation. Total monthly income equals $4,188/mo, and annual cash flow totals $2,602/yr on $216,729 invested. Return on cash invested prints 21.26% in year one, and rental yield reads 7.63% against a $658,750 entry. Equity gained on principal adds $4,251/yr, while 5% annual appreciation compiles into $182,000 by year five. Five-year ROI reaches 109.84% and total cumulative return in cash sums $238,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,188/mo property income covering a $3,224/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29651, Greer, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,589 (100%) |
| Owner Occupied HU | 17,483 (74.1%) |
| Renter Occupied HU | 4,872 (20.7%) |
| Vacant Housing Units | 1,234 ( 5.2%) |
| Median Home Value | $327,690 |
| Average Home Value | $366,187 |
Housing Distribution
Address Breakdown
Residential
23,193
Single Family
22,545
Multi-Family
648
Businesses
992
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Listed by: N/A • Empire Homes
Mls Name: Empire Homes
Mls Provider:
Mls ID: #N/A