1374 Willow Ridge WaySpartanburgSC29306
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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
Investment property for sale in Spartanburg at 1374 Willow Ridge Way, Spartanburg, SC, 29306 listed at $376,670 pairs $2,686/mo rent with a $1,844/mo payment to leave $443/mo cash flow. Total monthly income runs $2,686/mo, and annual cash flow reaches $5,320/yr on $124,866 cash to close. Return on cash invested measures 24.17% in year one, and rental yield registers 8.56% at a $376,670 basis. Equity gained on principal adds $2,431/yr, and annual property appreciation at 5% supports $104,067 by year five. Five-year ROI tracks 125.39% and total cumulative return in cash totals $156,575. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,686/mo property income relative to a $1,844/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29306, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,727 (100%) |
| Owner Occupied HU | 3,307 (42.8%) |
| Renter Occupied HU | 3,746 (48.5%) |
| Vacant Housing Units | 674 ( 8.7%) |
| Median Home Value | $203,978 |
| Average Home Value | $261,168 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
6,200
Multi-Family
1,328
Businesses
695
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Listed by: Jaymie Dimbath • Pulte Realty Of Georgia Inc
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1554376
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.