2337 Mill Loop Lot 46SpartanburgSC29320
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 2337 Mill Loop Lot 46, Spartanburg, SC, 29320 in Spartanburg offers a clean, manageable entry. Rental yield 6.41%. DSCR 1.19 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $85,924 in additional property value over five years, with $2,864/yr in principal equity building ownership stake. Total projected cumulative return: $105,448.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 6.8% |
| Monthly Cash Flow | $(189) | $325 |
City averages based on Spartanburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,662 |
| Total Monthly Debt Service | $1,728 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29320, Arcadia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 147 (100%) |
| Owner Occupied HU | 62 (42.2%) |
| Renter Occupied HU | 73 (49.7%) |
| Vacant Housing Units | 12 ( 8.2%) |
| Median Home Value | $101,389 |
| Average Home Value | $96,089 |
Housing Distribution
Address Breakdown
Residential
3
Single Family
3
Multi-Family
0
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2026
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29320, Arcadia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 147 (100%) |
| Owner Occupied HU | 62 (42.2%) |
| Renter Occupied HU | 73 (49.7%) |
| Vacant Housing Units | 12 ( 8.2%) |
| Median Home Value | $101,389 |
| Average Home Value | $96,089 |
Housing Distribution
Address Breakdown
Residential
3
Single Family
3
Multi-Family
0
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chase Reeves • Mungo Homes Properties, LLC
Mls Name: Greater Greenville AOR
Mls ID: #1581838