1953 Landrow LnBoiling 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 1953 Landrow Ln, Boiling Springs, SC, 29316 generates $1,999/mo in rent and, after a $1,353/mo payment, leaves $353/mo in cash flow. Total monthly income is $1,999/mo, and annual cash flow is $4,240/yr on $91,660 invested. Return on cash invested sits at 24.54% in year one, and rental yield is 8.68% on a $276,500 entry. Equity gained on principal adds $1,784/yr, while 5% annual appreciation builds toward $76,392 over five years. Five-year ROI reaches 127.36% and total cumulative return in cash sums $116,738. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,999/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
N/A 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: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #1561774