188 Avant StSpartanburgSC29302
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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
Investment property for sale in Spartanburg at 188 Avant St, Spartanburg, SC, 29302 uses $87,848 cash to close to unlock $7,933/yr annual cash flow and $661/mo monthly cash flow. Total monthly income runs $2,260/mo, and a $1,297/mo payment keeps the spread at $661/mo. Purchase price stands at $265,000, and rental yield measures 10.23% with $2,260/mo rent. Return on cash invested shows 28.94% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 151.11% and total cumulative return in cash records $132,747. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,260/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1935
8,712 sqft 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
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Listed by: Michael Dassel • Keller Williams Realty
Mls Name: SAR
Mls Provider:
Mls ID: #319147
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.