2376 Mill Loop LOT 51SpartanburgSC29301
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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 2376 Mill Loop LOT 51, Spartanburg, SC, 29301 uses $82,875 cash to close to unlock $4,697/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $1,880/mo, and a $1,224/mo payment keeps the spread at $391/mo. Purchase price stands at $250,000, and rental yield measures 9.02% with $1,880/mo rent. Return on cash invested shows 25.58% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 132.95% and total cumulative return in cash records $110,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,880/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
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Listed by: Chase Reeves • Mungo Homes Properties, LLC
Mls Name: Greater Greenville AOR
Mls ID: #1574775