21 Forest Oaks WaySpartanburgSC29307
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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
Rental property for sale in Spartanburg at 21 Forest Oaks Way, Spartanburg, SC, 29307 priced at $199,000 pairs $1,585/mo rent with $400/mo cash flow after a $974/mo payment. Total monthly income equals $1,585/mo, and annual cash flow comes to $4,805/yr on $65,969 invested. Return on cash invested is 27.19% in year one, and rental yield stands at 9.56% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 141.62% and total cumulative return in cash reaches $93,426. For financing, Ziffy Mortgage’s DSCR program evaluates $1,585/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1981
2,340 sqft 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
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Listed by: William R Hawkins • NextHome Experience Realty
Mls Name: SAR
Mls ID: #329004