305 Saugus RdSpartanburgSC29307
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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 305 Saugus Rd, Spartanburg, SC, 29307 with 5% annual appreciation on a $325,000 basis while $2,436/mo rent supports operations. Total monthly income totals $2,436/mo and a $1,591/mo payment preserves $501/mo for cash returns. Annual cash flow comes to $6,013/yr on $107,738 deployed, and return on cash invested reaches 25.49% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 8.99%. Five-year ROI measures 132.5% and total cumulative return in cash totals $142,753.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,436/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
1.04 Acres 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: KATIE PHILLIPS • BHHS C Dan Joyner - Sptbg
Mls Name: SAR
Mls ID: #331623