156 Garrett StSpartanburgSC29302
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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 156 Garrett St, Spartanburg, SC, 29302 priced at $395,000 converts $1,779/mo rent into after a $1,933/mo obligation. Total monthly income equals $1,779/mo. Return on cash invested prints 14.67% in year one, and rental yield reads 5.4% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 74.4% and total cumulative return in cash sums $97,422. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,779/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Multi Family
Built in 1916
7,405 sqft 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: Shanda Davey • Encore Realty
Mls Name: Greater Greenville AOR
Mls ID: #1578770