1621 Chelmsford CtSpartanburgSC29301
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
Rental property for sale in Spartanburg at 1621 Chelmsford Ct, Spartanburg, SC, 29301 generates $2,221/mo in rent and, after a $1,713/mo payment, leaves $138/mo in cash flow. Total monthly income is $2,221/mo, and annual cash flow is $1,652/yr on $115,992 invested. Return on cash invested sits at 21.33% in year one, and rental yield is 7.62% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 110.18% and total cumulative return in cash sums $127,794. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,221/mo property income rather than buyer’s personal income.
Townhouse
Built in 2023
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brad Liles • Keller Williams on Main
Mls Name: SAR
Mls ID: #332517