1113 Wharf WaySpartanburgSC29306
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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 1113 Wharf Way, Spartanburg, SC, 29306 listed at $202,990 pairs $1,560/mo rent with a $994/mo payment to leave $351/mo cash flow. Total monthly income runs $1,560/mo, and annual cash flow reaches $4,214/yr on $67,291 cash to close. Return on cash invested measures 26.17% in year one, and rental yield registers 9.22% at a $202,990 basis. Equity gained on principal adds $1,310/yr, and annual property appreciation at 5% supports $56,082 by year five. Five-year ROI tracks 136.19% and total cumulative return in cash totals $91,643. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,560/mo property income relative to a $994/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in N/A
2,395 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29306, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,727 (100%) |
| Owner Occupied HU | 3,307 (42.8%) |
| Renter Occupied HU | 3,746 (48.5%) |
| Vacant Housing Units | 674 ( 8.7%) |
| Median Home Value | $203,978 |
| Average Home Value | $261,168 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
6,200
Multi-Family
1,328
Businesses
695
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Listed by: Mallory Brown • DFH Realty Georgia, LLC
Mls Name: Greater Greenville AOR
Mls ID: #1576504