109 Kent PlSpartanburgSC29307
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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 109 Kent Pl, Spartanburg, SC, 29307 uses $93,815 cash to close to unlock $6,618/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $2,236/mo, and a $1,385/mo payment keeps the spread at $552/mo. Purchase price stands at $283,000, and rental yield measures 9.48% with $2,236/mo rent. Return on cash invested shows 26.96% in year one, and 5% annual appreciation builds toward $78,188 over five years. Five-year ROI reaches 140.37% and total cumulative return in cash records $131,691. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,236/mo property income covering a $1,385/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.68 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: CONSTANTINE RAMANTANIN • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls ID: #324509