2207 Scott StSpartanburgSC29302
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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 2207 Scott St, Spartanburg, SC, 29302 generates $752/mo in rent and, after a $489/mo payment, leaves $157/mo in cash flow. Total monthly income is $752/mo, and annual cash flow is $1,886/yr on $33,150 invested. Return on cash invested sits at 25.6% in year one, and rental yield is 9.02% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 133.19% and total cumulative return in cash sums $44,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $752/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A 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: N/A • N/A
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