174 Gibson RdSpartanburgSC29302
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 174 Gibson Rd, Spartanburg, SC, 29302 earns $570/mo cash flow from $1,849/mo rent with a $1,052/mo payment. Total monthly income totals $1,849/mo, and annual cash flow totals $6,835/yr on $71,239 capital. ROI tracks 29.5% on current figures, and rental yield reads 10.32% at a $214,900 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 over five years. Five-year ROI reaches 154.02% and total cumulative return in cash sums $109,722. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,849/mo property income instead of your personal income.
Manufactured
Built in 1998
0.66 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: William McDaniel • McDaniel & Company
Mls Name: SAR
Mls ID: #332822