300 Farley 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 300 Farley St, Spartanburg, SC, 29303 priced at $215,000 converts $1,751/mo rent into $471/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,751/mo, and annual cash flow totals $5,658/yr on $71,273 invested. Return on cash invested prints 27.85% in year one, and rental yield reads 9.77% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 145.12% and total cumulative return in cash sums $103,429. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,751/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1960
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: Ashley Jeter • The Property Lounge
Mls Name: SAR
Mls ID: #330993