2432 Old Furnace RdBoiling 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
Investment property for sale in Boiling Springs at 2432 Old Furnace Rd, Boiling Springs, SC, 29316 offers a 8.1% rental yield on a $300,000 purchase with $2,025/mo rent. Total monthly income registers $2,025/mo, and a $1,468/mo payment leaves $240/mo available for distribution. Annual cash flow reaches $2,874/yr on $99,450 to close, and return on cash invested stands at 22.8% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 118.05% and total cumulative return in cash at $117,396. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,025/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
2.05 Acres lot
$N/A/sqft
No 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: Mitzi B Kirsch • Century 21 Blackwell & Co
Mls Name: SAR
Mls ID: #329180