2509 New Cut RdSpartanburgSC29303
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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 2509 New Cut Rd, Spartanburg, SC, 29303 listed at $178,000 pairs $1,446/mo rent with a $871/mo payment to leave $387/mo cash flow. Total monthly income runs $1,446/mo, and annual cash flow reaches $4,639/yr on $59,007 cash to close. Return on cash invested measures 27.77% in year one, and rental yield registers 9.75% at a $178,000 basis. Equity gained on principal adds $1,149/yr, and annual property appreciation at 5% supports $49,178 by year five. Five-year ROI tracks 144.72% and total cumulative return in cash totals $85,393. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,446/mo property income relative to a $871/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29303, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,934 (100%) |
| Owner Occupied HU | 5,515 (46.2%) |
| Renter Occupied HU | 4,926 (41.3%) |
| Vacant Housing Units | 1,493 (12.5%) |
| Median Home Value | $174,936 |
| Average Home Value | $223,304 |
Housing Distribution
Address Breakdown
Residential
10,568
Single Family
8,920
Multi-Family
1,648
Businesses
1,197
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Listed by: MILLER COLEMAN • The Coleman Company
Mls Name: SAR
Mls Provider:
Mls ID: #326853
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.