106 Meadow StSpartanburgSC29307
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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
Investment property for sale in Spartanburg at 106 Meadow St, Spartanburg, SC, 29307 at $245,000 posts ROI 28.65% with $592/mo cash flow from $2,050/mo rent. Total monthly income equals $2,050/mo, and annual cash flow records $7,101/yr on $81,218 to close. Return on cash invested measures 28.65% and rental yield reads 10.04% at the current $245,000. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 by year five. Five-year ROI prints 149.42% and total cumulative return in cash totals $121,356.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,050/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
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Listed by: Kevin Wells • North Group Real Estate
Mls Name: Greater Greenville AOR
Mls ID: #1568954