2 Robinsview LnSpartanburgSC29301
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 2 Robinsview Ln, Spartanburg, SC, 29301 priced at $159,900 converts $1,203/mo rent into $251/mo cash flow after a $783/mo obligation. Total monthly income equals $1,203/mo, and annual cash flow totals $3,009/yr on $53,007 invested. Return on cash invested prints 25.59% in year one, and rental yield reads 9.03% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 132.99% and total cumulative return in cash sums $70,494. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,203/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rhonda C Porter • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls ID: #328990