SALEM Plan, Chestnut RidgeGreenvilleSC29605
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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 SALEM Plan, Chestnut Ridge, Greenville, SC, 29605 offers $2,604/mo rent that, after a $1,860/mo payment, leaves $342/mo cash flow. Total monthly income is $2,604/mo, and annual cash flow is $4,102/yr on $125,967 cash. Return on cash invested measures 23.17% in year one, and rental yield stands at 8.22% at a $379,990 entry. Equity gained on principal adds $2,452/yr while 5% annual appreciation compounds into $104,984 by year five. Five-year ROI records 119.98% and total cumulative return in cash reaches $151,137. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,604/mo property income versus a $1,860/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29605, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,337 (100%) |
| Owner Occupied HU | 11,655 (63.6%) |
| Renter Occupied HU | 5,250 (28.6%) |
| Vacant Housing Units | 1,432 ( 7.8%) |
| Median Home Value | $335,159 |
| Average Home Value | $427,694 |
Housing Distribution
Address Breakdown
Residential
16,911
Single Family
15,927
Multi-Family
984
Businesses
1,116
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Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A