111 Ravines LnSpartanburgSC29301
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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 111 Ravines Ln, Spartanburg, SC, 29301 listed at $329,500 pairs $2,210/mo rent with a $1,613/mo payment. Total monthly income runs $2,210/mo. Return on cash invested measures 17.69% in year one, and rental yield registers 8.05% at a $329,500 basis. Equity gained on principal adds $2,126/yr, and annual property appreciation at 5% supports $91,035 by year five. Five-year ROI tracks 92.46% and total cumulative return in cash totals $100,990. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,210/mo property income relative to a $1,613/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
4,356 sqft lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
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Listed by: Lauren Buckland • Coldwell Banker Caine
Mls Name: SAR
Mls Provider:
Mls ID: #318667
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.