116 Westview BlvdSpartanburgSC29306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Spartanburg at 116 Westview Blvd, Spartanburg, SC, 29306 priced at $154,900 converts $1,149/mo rent into $227/mo cash flow after a $758/mo obligation. Total monthly income equals $1,149/mo, and annual cash flow totals $2,725/yr on $51,349 invested. Return on cash invested prints 25.22% in year one, and rental yield reads 8.9% against a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,796 by year five. Five-year ROI reaches 131.09% and total cumulative return in cash sums $67,316. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,149/mo property income covering a $758/mo payment, not borrower’s personal income.
Single Family
Built in 1954
10,018 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: Sonya Donnahoo • Southern Realtor Associates
Mls Name: Greater Greenville AOR
Mls ID: #1561500