22 Hidden Springs RdSpartanburgSC29302
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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 22 Hidden Springs Rd, Spartanburg, SC, 29302 generates $1,361/mo in rent and, after a $856/mo payment, leaves $320/mo in cash flow. Total monthly income is $1,361/mo, and annual cash flow is $3,839/yr on $57,979 invested. Return on cash invested sits at 26.53% in year one, and rental yield is 9.34% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 138.05% and total cumulative return in cash sums $80,040. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,361/mo property income rather than buyer’s personal income.
Townhouse
Built in 1983
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29302, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,544 (67.4%) |
| Renter Occupied HU | 2,067 (25.1%) |
| Vacant Housing Units | 615 ( 7.5%) |
| Median Home Value | $288,433 |
| Average Home Value | $345,926 |
Housing Distribution
Address Breakdown
Residential
8,115
Single Family
7,309
Multi-Family
806
Businesses
716
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Listed by: John Murphy • Bluefield Realty Group
Mls Name: Greater Greenville AOR
Mls ID: #1574189