109 Berry RdBoiling SpringsSC29316
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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 Boiling Springs at 109 Berry Rd, Boiling Springs, SC, 29316 uses $61,328 cash to close to unlock $3,495/yr annual cash flow and $291/mo monthly cash flow. Total monthly income runs $1,392/mo, and a $905/mo payment keeps the spread at $291/mo. Purchase price stands at $185,000, and rental yield measures 9.03% with $1,392/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 133.14% and total cumulative return in cash records $81,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,392/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29316, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,048 (100%) |
| Owner Occupied HU | 9,590 (73.5%) |
| Renter Occupied HU | 2,897 (22.2%) |
| Vacant Housing Units | 561 ( 4.3%) |
| Median Home Value | $253,865 |
| Average Home Value | $283,497 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
13,201
Multi-Family
793
Businesses
802
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Listed by: John Slaughter • BID Y'ALL AUCTION & REALTY
Mls Name: SAR
Mls Provider:
Mls ID: #324970
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.