198 Loblolly DrSpartanburgSC29303
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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 Spartanburg at 198 Loblolly Dr, Spartanburg, SC, 29303 priced at $229,900 converts $1,736/mo rent into $368/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,736/mo, and annual cash flow totals $4,412/yr on $76,212 invested. Return on cash invested prints 25.7% in year one, and rental yield reads 9.06% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 133.6% and total cumulative return in cash sums $101,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,736/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29303, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,934 (100%) |
| Owner Occupied HU | 5,515 (46.2%) |
| Renter Occupied HU | 4,926 (41.3%) |
| Vacant Housing Units | 1,493 (12.5%) |
| Median Home Value | $174,936 |
| Average Home Value | $223,304 |
Housing Distribution
Address Breakdown
Residential
10,568
Single Family
8,920
Multi-Family
1,648
Businesses
1,197
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Listed by: Charm Ellis • Keller Williams Realty
Mls Name: SAR
Mls ID: #332479