261 Oak CirBoiling 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 261 Oak Cir, Boiling Springs, SC, 29316 listed at $179,000 pairs $1,550/mo rent with a $876/mo payment to leave $485/mo cash flow. Total monthly income runs $1,550/mo, and annual cash flow reaches $5,815/yr on $59,339 cash to close. Return on cash invested measures 29.71% in year one, and rental yield registers 10.39% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 155.11% and total cumulative return in cash totals $92,043. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,550/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.53 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: LEDA OTHMAN • Keller Williams Realty
Mls Name: SAR
Mls ID: #332169