2510 Old Spartanburg RdEast Flat RockNC28726
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 East Flat Rock at 2510 Old Spartanburg Rd, East Flat Rock, NC, 28726 generates $1,758/mo in rent, after a $2,447/mo payment. Total monthly income is $1,758/mo. Return on cash invested sits at 10.58% in year one, and rental yield is 4.22% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 52.69% and total cumulative return in cash sums $87,312. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,758/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28726, East Flat Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,399 (100%) |
| Owner Occupied HU | 777 (55.5%) |
| Renter Occupied HU | 552 (39.5%) |
| Vacant Housing Units | 70 ( 5.0%) |
| Median Home Value | $268,264 |
| Average Home Value | $275,164 |
Housing Distribution
Address Breakdown
Residential
1,353
Single Family
1,353
Multi-Family
0
Businesses
155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rhonda Hollifield • Keller Williams Mtn Partners, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330285