103 Michael DrSpartanburgSC29306
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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 Spartanburg at 103 Michael Dr, Spartanburg, SC, 29306 earns from $1,560/mo rent with a $5,388/mo payment. Total monthly income totals $1,560/mo. ROI tracks 3.57% on current figures, and rental yield reads 1.7% at a $1,100,777 purchase. Equity gained on principal adds $7,103/yr, and 5% annual appreciation supports $304,124 over five years. Five-year ROI reaches 14.82% and total cumulative return in cash sums $52,871. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,560/mo property income instead of your personal income.
Single Family
Built in 2003
9.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29306, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,727 (100%) |
| Owner Occupied HU | 3,307 (42.8%) |
| Renter Occupied HU | 3,746 (48.5%) |
| Vacant Housing Units | 674 ( 8.7%) |
| Median Home Value | $203,978 |
| Average Home Value | $261,168 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
6,200
Multi-Family
1,328
Businesses
695
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Listed by: Holly West • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls Provider:
Mls ID: #319527
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.