172 Hunter Ridge DrBoiling SpringsSC29316
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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 Boiling Springs at 172 Hunter Ridge Dr, Boiling Springs, SC, 29316 generates $1,980/mo in rent, after a $1,674/mo payment. Total monthly income is $1,980/mo. Return on cash invested sits at 19.32% in year one, and rental yield is 6.95% on a $341,981 entry. Equity gained on principal adds $2,207/yr, while 5% annual appreciation builds toward $94,483 over five years. Five-year ROI reaches 99.39% and total cumulative return in cash sums $112,672. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29316, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,048 (100%) |
| Owner Occupied HU | 9,590 (73.5%) |
| Renter Occupied HU | 2,897 (22.2%) |
| Vacant Housing Units | 561 ( 4.3%) |
| Median Home Value | $253,865 |
| Average Home Value | $283,497 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
13,201
Multi-Family
793
Businesses
802
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Listed by: Jason J Belanger • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls ID: #332229