126 Towles CtSpartanburgSC29307
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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 126 Towles Ct, Spartanburg, SC, 29307 generates $1,678/mo in rent and, after a $1,199/mo payment, leaves $220/mo in cash flow. Total monthly income is $1,678/mo, and annual cash flow is $2,637/yr on $81,218 invested. Return on cash invested sits at 23.16% in year one, and rental yield is 8.22% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 119.96% and total cumulative return in cash sums $97,428. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,678/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
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Listed by: Bonnie Goforth • Agent Group Realty - Greenville
Mls Name: SAR
Mls ID: #329261