2840 Glenn Springs RdSpartanburgSC29302
Nearby investment properties with comparable rents
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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 2840 Glenn Springs Rd, Spartanburg, SC, 29302 generates $3,049/mo in rent, after a $3,426/mo payment. Total monthly income is $3,049/mo. Return on cash invested sits at 14.24% in year one, and rental yield is 5.23% on a $699,999 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 72.08% and total cumulative return in cash sums $166,011. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,049/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 1974
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29302, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,544 (67.4%) |
| Renter Occupied HU | 2,067 (25.1%) |
| Vacant Housing Units | 615 ( 7.5%) |
| Median Home Value | $288,433 |
| Average Home Value | $345,926 |
Housing Distribution
Address Breakdown
Residential
8,115
Single Family
7,309
Multi-Family
806
Businesses
716
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Nearby investment properties with comparable prices
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