308 Hillandale RdSpartanburgSC29301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 308 Hillandale Rd, Spartanburg, SC, 29301 at $149,900 posts ROI 32.26% with $511/mo cash flow from $1,404/mo rent. Total monthly income equals $1,404/mo, and annual cash flow records $6,136/yr on $49,692 to close. Return on cash invested measures 32.26% and rental yield reads 11.24% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 168.82% and total cumulative return in cash totals $83,891.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,404/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Traci M Brock • RE/MAX Executive Spartanburg
Mls Name: SAR
Mls ID: #332239