31 Summercreek 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 31 Summercreek Dr, Spartanburg, SC, 29307 offers a 9.39% rental yield on a $158,000 purchase with $1,236/mo rent. Total monthly income registers $1,236/mo, and a $773/mo payment leaves $296/mo available for distribution. Annual cash flow reaches $3,549/yr on $52,377 to close, and return on cash invested stands at 26.69% in year one. Equity gained on principal adds $1,020/yr while 5% annual appreciation supports $43,652 over five years. Portfolio math shows five-year ROI at 138.86% and total cumulative return in cash at $72,730. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,236/mo property income against a $773/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
871.20 sqft 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: Tudi Holmes • Tudi Holmes Realty
Mls Name: Greater Greenville AOR
Mls ID: #1556912