199 Westminster DrSpartanburgSC29302
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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 199 Westminster Dr, Spartanburg, SC, 29302 listed at $359,302 pairs $1,849/mo rent with a $1,759/mo payment. Total monthly income runs $1,849/mo. Return on cash invested measures 16.98% in year one, and rental yield registers 6.18% at a $359,302 basis. Equity gained on principal adds $2,319/yr, and annual property appreciation at 5% supports $99,269 by year five. Five-year ROI tracks 86.86% and total cumulative return in cash totals $103,458. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,849/mo property income relative to a $1,759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.88 Acres 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: Christy Ross • Herlong Sotheby's International Realty
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1543409
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