218 Little Man DrBoiling 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
Rental property for sale in Boiling Springs at 218 Little Man Dr, Boiling Springs, SC, 29316 offers $2,735/mo rent that, after a $1,835/mo payment, leaves $487/mo cash flow. Total monthly income is $2,735/mo, and annual cash flow is $5,849/yr on $124,313 cash. Return on cash invested measures 24.61% in year one, and rental yield stands at 8.75% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 127.83% and total cumulative return in cash reaches $158,907. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,735/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
0.60 Acres lot
$N/A/sqft
$189 annually 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: Mary Beth W Shealy • Keller Williams Western Upstate
Mls Name: SAR
Mls Provider:
Mls ID: #327424
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.