2381 Mill LoopSpartanburgSC29301
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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 Spartanburg at 2381 Mill Loop, Spartanburg, SC, 29301 priced at $238,000 converts $1,860/mo rent into $396/mo cash flow after a $1,165/mo obligation. Total monthly income equals $1,860/mo, and annual cash flow totals $4,747/yr on $78,897 invested. Return on cash invested prints 25.93% in year one, and rental yield reads 9.38% against a $238,000 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation compiles into $65,755 by year five. Five-year ROI reaches 135.06% and total cumulative return in cash sums $106,558. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $1,165/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,969 sqft lot
$N/A/sqft
$570 annually 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: Alexis Rogers • Mungo Homes Properties LLC Greenville
Mls Name: SAR
Mls Provider:
Mls ID: #318843
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.