140 Old Lowe 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
Investment property for sale in Spartanburg at 140 Old Lowe Rd, Spartanburg, SC, 29303 with 5% annual appreciation on a $127,000 basis while $1,262/mo rent supports operations. Total monthly income totals $1,262/mo and a $622/mo payment preserves $480/mo for cash returns. Annual cash flow comes to $5,761/yr on $42,101 deployed, and return on cash invested reaches 33.59% in year one. Equity gained on principal adds $820/yr, and five-year appreciation sums $35,088 alongside rental yield of 11.92%. Five-year ROI measures 176.28% and total cumulative return in cash totals $74,217.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,262/mo property income versus a $622/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.60 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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Listed by: Ashley Guinn • Ponce Realty Group
Mls Name: SAR
Mls Provider:
Mls ID: #325522
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.