1318 Willow Ridge WaySpartanburgSC29307
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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 1318 Willow Ridge Way, Spartanburg, SC, 29307 priced at $381,770 pairs $2,154/mo rent with after a $1,869/mo payment. Total monthly income equals $2,154/mo. Return on cash invested is 18.78% in year one, and rental yield stands at 6.77% on a $381,770 basis. Equity gained on principal adds $2,464/yr, and 5% annual appreciation accumulates to $105,476 by year five. Five-year ROI measures 96.46% and total cumulative return in cash reaches $122,080. For financing, Ziffy Mortgage’s DSCR program evaluates $2,154/mo property income against a $1,869/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A 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: N/A • Pulte Homes
Mls Name: Pulte
Mls Provider:
Mls ID: #N/A