149 Old Converse RdSpartanburgSC29307
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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 149 Old Converse Rd, Spartanburg, SC, 29307 generates $1,133/mo in rent and, after a $734/mo payment, leaves $198/mo in cash flow. Total monthly income is $1,133/mo, and annual cash flow is $2,378/yr on $49,692 invested. Return on cash invested sits at 24.69% in year one, and rental yield is 9.07% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 128.66% and total cumulative return in cash sums $63,935. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,133/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
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Listed by: Teri Camp • C 21 Blackwell & Co
Mls Name: SAR
Mls Provider:
Mls ID: #314614
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.