1308 Fire Tower RdSpringfieldSC29146
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
Rental property for sale in Springfield at 1308 Fire Tower Rd, Springfield, SC, 29146 priced at $534,900 pairs $1,333/mo rent with after a $2,618/mo payment. Total monthly income equals $1,333/mo. Return on cash invested is 7.44% in year one, and rental yield stands at 2.99% on a $534,900 basis. Equity gained on principal adds $3,452/yr, and 5% annual appreciation accumulates to $147,783 by year five. Five-year ROI measures 35.62% and total cumulative return in cash reaches $62,685. For financing, Ziffy Mortgage’s DSCR program evaluates $1,333/mo property income against a $2,618/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
82.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29146, Springfield, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 723 (100%) |
| Owner Occupied HU | 471 (65.1%) |
| Renter Occupied HU | 114 (15.8%) |
| Vacant Housing Units | 138 (19.1%) |
| Median Home Value | $123,790 |
| Average Home Value | $185,096 |
Housing Distribution
Address Breakdown
Residential
540
Single Family
540
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Geoff Gleaton • Weichert Rlt Ray Covington
Mls Name: Consolidated MLS
Mls ID: #594781