182 Buckstone LnSpartanburgSC29307
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 182 Buckstone Ln, Spartanburg, SC, 29307 offers $1,702/mo rent that, after a $832/mo payment, leaves $690/mo cash flow. Total monthly income is $1,702/mo, and annual cash flow is $8,281/yr on $56,355 cash. Return on cash invested measures 34.6% in year one, and rental yield stands at 12.01% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 181.42% and total cumulative return in cash reaches $102,237. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,702/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LINDSAY BLANTON • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls ID: #332195