2304 Old Spartanburg HwyWoodruffSC29388
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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 Woodruff at 2304 Old Spartanburg Hwy, Woodruff, SC, 29388 earns $312/mo cash flow from $1,651/mo rent with a $1,101/mo payment. Total monthly income totals $1,651/mo, and annual cash flow totals $3,744/yr on $74,554 capital. ROI tracks 24.93% on current figures, and rental yield reads 8.81% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 129.46% and total cumulative return in cash sums $96,517. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,651/mo property income instead of your personal income.
Single Family
Built in 1968
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29388, Woodruff, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,909 (100%) |
| Owner Occupied HU | 5,909 (74.7%) |
| Renter Occupied HU | 1,381 (17.5%) |
| Vacant Housing Units | 619 ( 7.8%) |
| Median Home Value | $260,735 |
| Average Home Value | $294,145 |
Housing Distribution
Address Breakdown
Residential
7,675
Single Family
7,548
Multi-Family
127
Businesses
366
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Listed by: Preston Inglee • Century 21 Blackwell & Co - Boiling Springs
Mls Name: WUMLS
Mls ID: #20295797