110 Cloverdale DrBoiling 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 110 Cloverdale Dr, Boiling Springs, SC, 29316 with 5% annual appreciation on a $160,000 basis while $1,272/mo rent supports operations. Total monthly income totals $1,272/mo and a $783/mo payment preserves $320/mo for cash returns. Annual cash flow comes to $3,836/yr on $53,040 deployed, and return on cash invested reaches 27.14% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,205 alongside rental yield of 9.54%. Five-year ROI measures 141.36% and total cumulative return in cash totals $74,978.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,272/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.34 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: Brad Liles • Keller Williams on Main
Mls Name: SAR
Mls ID: #327147