2248 SpringviewBoiling 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 2248 Springview, Boiling Springs, SC, 29316 earns $567/mo cash flow from $2,640/mo rent with a $1,664/mo payment. Total monthly income totals $2,640/mo, and annual cash flow totals $6,809/yr on $112,707 capital. ROI tracks 25.95% on current figures, and rental yield reads 9.32% at a $339,990 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,933 over five years. Five-year ROI reaches 135.13% and total cumulative return in cash sums $152,295. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
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 Montalbano • D.R. Horton
Mls Name: SAR
Mls Provider:
Mls ID: #324146
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.