2243 Springview CtBoiling 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 2243 Springview Ct, Boiling Springs, SC, 29316 offers a 10.16% rental yield on a $311,900 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $1,527/mo payment leaves $734/mo available for distribution. Annual cash flow reaches $8,810/yr on $103,395 to close, and return on cash invested stands at 28.43% in year one. Equity gained on principal adds $2,013/yr while 5% annual appreciation supports $86,172 over five years. Portfolio math shows five-year ROI at 148.46% and total cumulative return in cash at $153,496. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,527/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,662 sqft lot
$N/A/sqft
$585 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: Trina L Montalbano • D.R. Horton
Mls Name: SAR
Mls Provider:
Mls ID: #325376
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 22:12:20 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#329)