216 Bandallon PlBoiling SpringsSC29316
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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 Boiling Springs at 216 Bandallon Pl, Boiling Springs, SC, 29316 earns $327/mo cash flow from $1,934/mo rent with a $1,321/mo payment. Total monthly income totals $1,934/mo, and annual cash flow totals $3,928/yr on $89,472 capital. ROI tracks 24.3% on current figures, and rental yield reads 8.6% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 126.11% and total cumulative return in cash sums $112,830. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,934/mo property income instead of your personal income.
Single Family
Built in 2017
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29316, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,048 (100%) |
| Owner Occupied HU | 9,590 (73.5%) |
| Renter Occupied HU | 2,897 (22.2%) |
| Vacant Housing Units | 561 ( 4.3%) |
| Median Home Value | $253,865 |
| Average Home Value | $283,497 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
13,201
Multi-Family
793
Businesses
802
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Listed by: KRISTI MOON • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls ID: #330407