1180 ForestbrookSpartanburgSC29303
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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 1180 Forestbrook, Spartanburg, SC, 29303 at $275,765 posts ROI 27.01% with $541/mo cash flow from $2,208/mo rent. Total monthly income equals $2,208/mo, and annual cash flow records $6,494/yr on $91,416 to close. Return on cash invested measures 27.01% and rental yield reads 9.61% at the current $275,765. Equity gained on principal adds $1,779/yr, and 5% annual appreciation supports $76,189 by year five. Five-year ROI prints 140.78% and total cumulative return in cash totals $128,699.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,208/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29303, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,934 (100%) |
| Owner Occupied HU | 5,515 (46.2%) |
| Renter Occupied HU | 4,926 (41.3%) |
| Vacant Housing Units | 1,493 (12.5%) |
| Median Home Value | $174,936 |
| Average Home Value | $223,304 |
Housing Distribution
Address Breakdown
Residential
10,568
Single Family
8,920
Multi-Family
1,648
Businesses
1,197
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Listed by: Stefanie Miller • SM South Carolina Brokerage LLC
Mls Name: SAR
Mls Provider:
Mls ID: #316522
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.