105 Holmes DrSpartanburgSC29303
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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 Spartanburg at 105 Holmes Dr, Spartanburg, SC, 29303 priced at $570,000 converts $2,977/mo rent into after a $2,790/mo obligation. Total monthly income equals $2,977/mo. Return on cash invested prints 17.4% in year one, and rental yield reads 6.27% against a $570,000 entry. Equity gained on principal adds $3,678/yr, while 5% annual appreciation compiles into $157,480 by year five. Five-year ROI reaches 89.02% and total cumulative return in cash sums $166,945. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,977/mo property income covering a $2,790/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.45 Acres 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: Amanda Braghirol • Upstate Experts Realty
Mls Name: SAR
Mls Provider:
Mls ID: #324942
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.