126 Hannon CtSpartanburgSC29302
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 126 Hannon Ct, Spartanburg, SC, 29302 at $240,000 posts ROI 25.67% with $382/mo cash flow from $1,811/mo rent. Total monthly income equals $1,811/mo, and annual cash flow records $4,584/yr on $79,560 to close. Return on cash invested measures 25.67% and rental yield reads 9.05% at the current $240,000. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 by year five. Five-year ROI prints 133.41% and total cumulative return in cash totals $106,142.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,811/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
7,405 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: Sara Lyme • Keller Williams Realty
Mls Name: SAR
Mls ID: #329775