1411 Penrith CtBoiling SpringsSC29316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Boiling Springs at 1411 Penrith Ct, Boiling Springs, SC, 29316 uses $86,183 cash to close to unlock $10,378/yr annual cash flow and $865/mo monthly cash flow. Total monthly income runs $2,412/mo, and a $1,272/mo payment keeps the spread at $865/mo. Purchase price stands at $259,980, and rental yield measures 11.13% with $2,412/mo rent. Return on cash invested shows 31.95% in year one, and 5% annual appreciation builds toward $71,828 over five years. Five-year ROI reaches 167.1% and total cumulative return in cash records $144,011. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,412/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in N/A
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29316, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,048 (100%) |
| Owner Occupied HU | 9,590 (73.5%) |
| Renter Occupied HU | 2,897 (22.2%) |
| Vacant Housing Units | 561 ( 4.3%) |
| Median Home Value | $253,865 |
| Average Home Value | $283,497 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
13,201
Multi-Family
793
Businesses
802
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olga Bridges • Success Properties, LLC
Mls Name: Greater Greenville AOR
Mls ID: #1570487