2341 Caffry LnBoiling 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
Rental property for sale in Boiling Springs at 2341 Caffry Ln, Boiling Springs, SC, 29316 generates $2,135/mo in rent and, after a $1,395/mo payment, leaves $284/mo in cash flow. Total monthly income is $2,135/mo, and annual cash flow is $3,413/yr on $94,478 invested. Return on cash invested sits at 23.52% in year one, and rental yield is 8.99% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 122.64% and total cumulative return in cash sums $115,866. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,135/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
6,534 sqft lot
$N/A/sqft
$154 monthly 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: Donna Morrow • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls Provider:
Mls ID: #319933
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.