202 Norris RdSpartanburgSC29303
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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 202 Norris Rd, Spartanburg, SC, 29303 earns $309/mo cash flow from $1,559/mo rent with a $1,028/mo payment. Total monthly income totals $1,559/mo, and annual cash flow totals $3,705/yr on $69,615 capital. ROI tracks 25.23% on current figures, and rental yield reads 8.91% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 131.08% and total cumulative return in cash sums $91,252. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,559/mo property income instead of your personal income.
Single Family
Built in 1990
0.40 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: JOHN FRAVEL • Keller Williams Realty
Mls Name: SAR
Mls Provider:
Mls ID: #327605
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.