1006 Cleveland Meadows TrlSpartanburgSC29303
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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 Spartanburg at 1006 Cleveland Meadows Trl, Spartanburg, SC, 29303 offers $2,208/mo rent that, after a $1,491/mo payment, leaves $395/mo cash flow. Total monthly income is $2,208/mo, and annual cash flow is $4,734/yr on $101,014 cash. Return on cash invested measures 24.6% in year one, and rental yield stands at 8.7% at a $304,719 entry. Equity gained on principal adds $1,966/yr while 5% annual appreciation compounds into $84,188 by year five. Five-year ROI records 127.67% and total cumulative return in cash reaches $128,969. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,208/mo property income versus a $1,491/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: 29303, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,934 (100%) |
| Owner Occupied HU | 5,515 (46.2%) |
| Renter Occupied HU | 4,926 (41.3%) |
| Vacant Housing Units | 1,493 (12.5%) |
| Median Home Value | $174,936 |
| Average Home Value | $223,304 |
Housing Distribution
Address Breakdown
Residential
10,568
Single Family
8,920
Multi-Family
1,648
Businesses
1,197
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Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A