249 E Hampton AveSpartanburgSC29306
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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 249 E Hampton Ave, Spartanburg, SC, 29306 uses $74,588 cash to close to unlock $3,395/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,622/mo, and a $1,101/mo payment keeps the spread at $283/mo. Purchase price stands at $225,000, and rental yield measures 8.65% with $1,622/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 126.93% and total cumulative return in cash records $94,677. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,622/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1930
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29306, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,727 (100%) |
| Owner Occupied HU | 3,307 (42.8%) |
| Renter Occupied HU | 3,746 (48.5%) |
| Vacant Housing Units | 674 ( 8.7%) |
| Median Home Value | $203,978 |
| Average Home Value | $261,168 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
6,200
Multi-Family
1,328
Businesses
695
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Listed by: KeAsia Howard • Carolina Moves, LLC
Mls Name: Greater Greenville AOR
Mls ID: #1566043