282 W Wood StSpartanburgSC29303
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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
Rental property for sale in Spartanburg at 282 W Wood St, Spartanburg, SC, 29303 offers $1,715/mo rent that, after a $920/mo payment, leaves $596/mo cash flow. Total monthly income is $1,715/mo, and annual cash flow is $7,154/yr on $62,289 cash. Return on cash invested measures 31.39% in year one, and rental yield stands at 10.95% at a $187,900 entry. Equity gained on principal adds $1,212/yr while 5% annual appreciation compounds into $51,913 by year five. Five-year ROI records 164.18% and total cumulative return in cash reaches $102,265. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,715/mo property income versus a $920/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A 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: Sarah Martin • Keller Williams on Main
Mls Name: SAR
Mls ID: #331339