123 Ravines LnSpartanburgSC29301
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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 123 Ravines Ln, Spartanburg, SC, 29301 priced at $267,500 pairs $1,581/mo rent with after a $1,309/mo payment. Total monthly income equals $1,581/mo. Return on cash invested is 19.76% in year one, and rental yield stands at 7.09% on a $267,500 basis. Equity gained on principal adds $1,726/yr, and 5% annual appreciation accumulates to $73,905 by year five. Five-year ROI measures 101.72% and total cumulative return in cash reaches $90,200. For financing, Ziffy Mortgage’s DSCR program evaluates $1,581/mo property income against a $1,309/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2005
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
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Listed by: Sharon Tootell • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls ID: #327572