117 Wrightson AveSpartanburgSC29306
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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
Rental property for sale in Spartanburg at 117 Wrightson Ave, Spartanburg, SC, 29306 priced at $210,000 pairs $1,954/mo rent with $609/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,954/mo, and annual cash flow comes to $7,309/yr on $69,615 invested. Return on cash invested is 30.41% in year one, and rental yield stands at 11.17% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 159.47% and total cumulative return in cash reaches $111,016. For financing, Ziffy Mortgage’s DSCR program evaluates $1,954/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.30 Acres 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: Erin Parker • BHHS C Dan Joyner - Midtown
Mls Name: SAR
Mls Provider:
Mls ID: #315771
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.