1326 Highway 56SpartanburgSC29302
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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 1326 Highway 56, Spartanburg, SC, 29302 generates $1,752/mo in rent and, after a $1,395/mo payment, leaves $55/mo in cash flow. Total monthly income is $1,752/mo, and annual cash flow is $665/yr on $94,478 invested. Return on cash invested sits at 20.61% in year one, and rental yield is 7.38% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 106.32% and total cumulative return in cash sums $100,446. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,752/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
1.46 Acres 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: Kenny O'shields • New Horizon Realty OShields RE
Mls Name: SAR
Mls Provider:
Mls ID: #322732
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.