2298 Avondale DrSpartanburgSC29302
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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 Spartanburg at 2298 Avondale Dr, Spartanburg, SC, 29302 listed at $259,900 pairs $1,869/mo rent with a $1,272/mo payment to leave $322/mo cash flow. Total monthly income runs $1,869/mo, and annual cash flow reaches $3,863/yr on $86,157 cash to close. Return on cash invested measures 24.39% in year one, and rental yield registers 8.63% at a $259,900 basis. Equity gained on principal adds $1,677/yr, and annual property appreciation at 5% supports $71,806 by year five. Five-year ROI tracks 126.56% and total cumulative return in cash totals $109,042. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,869/mo property income relative to a $1,272/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.50 Acres 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: Ronald Chism • Chism & Associates Real Estate
Mls Name: SAR
Mls ID: #324804