225 Oakland AveSpartanburgSC29302
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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 225 Oakland Ave, Spartanburg, SC, 29302 priced at $269,900 converts $2,046/mo rent into $439/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,046/mo, and annual cash flow totals $5,272/yr on $89,472 invested. Return on cash invested prints 25.8% in year one, and rental yield reads 9.1% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 134.17% and total cumulative return in cash sums $120,042. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,046/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Single Family
Built in 1920
8,712 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: Brandon McKillop • Summey & McKillop Realty, LLC
Mls Name: SAR
Mls ID: #332989