205 High StSpartanburgSC29306
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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 205 High St, Spartanburg, SC, 29306 uses $43,095 cash to close to unlock $2,657/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $995/mo, and a $636/mo payment keeps the spread at $221/mo. Purchase price stands at $130,000, and rental yield measures 9.18% with $995/mo rent. Return on cash invested shows 26.07% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 135.67% and total cumulative return in cash records $58,467. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $995/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1962
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29306, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,727 (100%) |
| Owner Occupied HU | 3,307 (42.8%) |
| Renter Occupied HU | 3,746 (48.5%) |
| Vacant Housing Units | 674 ( 8.7%) |
| Median Home Value | $203,978 |
| Average Home Value | $261,168 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
6,200
Multi-Family
1,328
Businesses
695
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Listed by: Barry Dendy • Better Homes & Gardens Young &
Mls Name: SAR
Mls ID: #328016