175 Falcon 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 175 Falcon Ridge Dr, Boiling Springs, SC, 29316 priced at $237,000 converts $1,745/mo rent into $31/mo cash flow after a $1,160/mo obligation. Total monthly income equals $1,745/mo, and annual cash flow totals $371/yr on $78,566 invested. Return on cash invested prints 20.38% in year one, and rental yield reads 8.84% against a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation compiles into $65,479 by year five. Five-year ROI reaches 106.73% and total cumulative return in cash sums $83,852. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,745/mo property income covering a $1,160/mo payment, not borrower’s personal income.
Single Family
Built in 2007
10,454 sqft lot
$N/A/sqft
$250 annually 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: PATTY KORAHAIS • Keller Williams Realty
Mls Name: SAR
Mls Provider:
Mls ID: #323570
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.