141 Painter RdSpartanburgSC29302
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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 141 Painter Rd, Spartanburg, SC, 29302 with 5% annual appreciation on a $225,000 basis while $1,519/mo rent supports operations. Total monthly income totals $1,519/mo and a $1,101/mo payment preserves $180/mo for cash returns. Annual cash flow comes to $2,159/yr on $74,588 deployed, and return on cash invested reaches 22.8% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 8.1%. Five-year ROI measures 118.04% and total cumulative return in cash totals $88,041.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,519/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
4.44 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: Mitzi B Kirsch • Century 21 Blackwell & Co
Mls Name: SAR
Mls ID: #327303