1397 New Cut RdSpartanburgSC29303
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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 1397 New Cut Rd, Spartanburg, SC, 29303 generates $1,834/mo in rent and, after a $1,241/mo payment, leaves $267/mo in cash flow. Total monthly income is $1,834/mo, and annual cash flow is $3,203/yr on $84,068 invested. Return on cash invested sits at 23.72% in year one, and rental yield is 8.68% on a $253,600 entry. Equity gained on principal adds $1,636/yr, while 5% annual appreciation builds toward $70,065 over five years. Five-year ROI reaches 123.26% and total cumulative return in cash sums $103,620. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,834/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29303, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,934 (100%) |
| Owner Occupied HU | 5,515 (46.2%) |
| Renter Occupied HU | 4,926 (41.3%) |
| Vacant Housing Units | 1,493 (12.5%) |
| Median Home Value | $174,936 |
| Average Home Value | $223,304 |
Housing Distribution
Address Breakdown
Residential
10,568
Single Family
8,920
Multi-Family
1,648
Businesses
1,197
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