1547 Dockage WaySpartanburgSC29306
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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 1547 Dockage Way, Spartanburg, SC, 29306 generates $1,816/mo in rent and, after a $1,077/mo payment, leaves $351/mo in cash flow. Total monthly income is $1,816/mo, and annual cash flow is $4,214/yr on $72,927 invested. Return on cash invested sits at 25.69% in year one, and rental yield is 9.91% on a $219,990 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,779 over five years. Five-year ROI reaches 134.5% and total cumulative return in cash sums $98,084. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,816/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
2,178 sqft lot
$N/A/sqft
$1,860 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29306, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,727 (100%) |
| Owner Occupied HU | 3,307 (42.8%) |
| Renter Occupied HU | 3,746 (48.5%) |
| Vacant Housing Units | 674 ( 8.7%) |
| Median Home Value | $203,978 |
| Average Home Value | $261,168 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
6,200
Multi-Family
1,328
Businesses
695
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Listed by: Debra Mills • DFH Realty GA
Mls Name: SAR
Mls Provider:
Mls ID: #322790
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.