215 Cates Pond CtSpartanburgSC29301
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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 215 Cates Pond Ct, Spartanburg, SC, 29301 offers $3,112/mo rent that, after a $3,419/mo payment. Total monthly income is $3,112/mo. Return on cash invested measures 14.45% in year one, and rental yield stands at 5.35% at a $698,500 entry. Equity gained on principal adds $4,507/yr while 5% annual appreciation compounds into $192,983 by year five. Five-year ROI records 73.25% and total cumulative return in cash reaches $168,337. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,112/mo property income versus a $3,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.73 Acres lot
$N/A/sqft
$347 annually 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: Teresa Olbeter • Distinguished Realty of SC
Mls Name: SAR
Mls Provider:
Mls ID: #313692
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.