1583 Old Pacolet RdSpartanburgSC29307
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 Spartanburg at 1583 Old Pacolet Rd, Spartanburg, SC, 29307 earns $680/mo cash flow from $1,986/mo rent with a $1,074/mo payment. Total monthly income totals $1,986/mo, and annual cash flow totals $8,156/yr on $72,764 capital. ROI tracks 31.12% on current figures, and rental yield reads 10.86% at a $219,500 purchase. Equity gained on principal adds $1,416/yr, and 5% annual appreciation supports $60,644 over five years. Five-year ROI reaches 162.65% and total cumulative return in cash sums $118,354. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,986/mo property income instead of your personal income.
Single Family
Built in 2022
0.34 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: Joey Praytor • LESLIE HORNE & ASSOCIATES
Mls Name: SAR
Mls ID: #330572