241 Stone Hill DrSpartanburgSC29307
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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 241 Stone Hill Dr, Spartanburg, SC, 29307 offers $1,348/mo rent that, after a $685/mo payment, leaves $515/mo cash flow. Total monthly income is $1,348/mo, and annual cash flow is $6,178/yr on $46,410 cash. Return on cash invested measures 33.22% in year one, and rental yield stands at 11.55% at a $139,999 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 173.93% and total cumulative return in cash reaches $80,722. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,348/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
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Listed by: Jennifer Arteaga-Ramirez • THE ROSALES GROUP@KW
Mls Name: SAR
Mls ID: #326905