206 Wadsworth RdSpartanburgSC29301
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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 206 Wadsworth Rd, Spartanburg, SC, 29301 offers a 8.52% rental yield on a $297,900 purchase with $2,116/mo rent. Total monthly income registers $2,116/mo, and a $1,458/mo payment leaves $85/mo available for distribution. Annual cash flow reaches $1,015/yr on $98,754 to close, and return on cash invested stands at 20.94% in year one. Equity gained on principal adds $1,922/yr while 5% annual appreciation supports $82,304 over five years. Portfolio math shows five-year ROI at 109.19% and total cumulative return in cash at $107,833. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,116/mo property income against a $1,458/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
7,840 sqft 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
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Listed by: Valentina Ragozinski • Affinity Group Realty
Mls Name: SAR
Mls Provider:
Mls ID: #327395
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.