118 Sunrise RdSpartanburgSC29302
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
Investment property for sale in Spartanburg at 118 Sunrise Rd, Spartanburg, SC, 29302 at $242,900 posts ROI 30.91% with $738/mo cash flow from $2,184/mo rent. Total monthly income equals $2,184/mo, and annual cash flow records $8,855/yr on $80,521 to close. Return on cash invested measures 30.91% and rental yield reads 10.79% at the current $242,900. Equity gained on principal adds $1,567/yr, and 5% annual appreciation supports $67,109 by year five. Five-year ROI prints 161.49% and total cumulative return in cash totals $130,033.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,184/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1985
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29302, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,544 (67.4%) |
| Renter Occupied HU | 2,067 (25.1%) |
| Vacant Housing Units | 615 ( 7.5%) |
| Median Home Value | $288,433 |
| Average Home Value | $345,926 |
Housing Distribution
Address Breakdown
Residential
8,115
Single Family
7,309
Multi-Family
806
Businesses
716
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Listed by: PERRY DuBOIS • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls ID: #330623