1138 Old Pacolet RdSpartanburgSC29307
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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 1138 Old Pacolet Rd, Spartanburg, SC, 29307 uses $61,328 cash to close to unlock $829/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $1,247/mo, and a $905/mo payment keeps the spread at $69/mo. Purchase price stands at $185,000, and rental yield measures 8.09% with $1,247/mo rent. Return on cash invested shows 21.26% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 110.42% and total cumulative return in cash records $67,719. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,247/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.48 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: Olivia Ott • Ponce Realty Group
Mls Name: SAR
Mls Provider:
Mls ID: #321415
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.