204 Plum Creek RdSpartanburgSC29307
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
Investment property for sale in Spartanburg at 204 Plum Creek Rd, Spartanburg, SC, 29307 earns $224/mo cash flow from $1,414/mo rent with a $978/mo payment. Total monthly income totals $1,414/mo, and annual cash flow totals $2,693/yr on $66,267 capital. ROI tracks 23.97% on current figures, and rental yield reads 8.49% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 124.37% and total cumulative return in cash sums $82,417. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,414/mo property income instead of your personal income.
Single Family
Built in 1985
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Josephine A Olson • KELLER WILLIAMS GREENVILLE CENTRAL
Mls Name: SAR
Mls ID: #330171