3038 Oaksmere DrSpartanburgSC29307
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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 Spartanburg at 3038 Oaksmere Dr, Spartanburg, SC, 29307 earns $641/mo cash flow from $1,794/mo rent with a $948/mo payment. Total monthly income totals $1,794/mo, and annual cash flow totals $7,692/yr on $64,212 capital. ROI tracks 31.89% on current figures, and rental yield reads 11.11% at a $193,700 purchase. Equity gained on principal adds $1,250/yr, and 5% annual appreciation supports $53,516 over five years. Five-year ROI reaches 166.77% and total cumulative return in cash sums $107,086. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,794/mo property income instead of your personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
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Listed by: N/A • N/A
Mls Name: Ryan Homes
Mls Provider:
Mls ID: #N/A