310 Templeton DrSpartanburgSC29306
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
Rental property for sale in Spartanburg at 310 Templeton Dr, Spartanburg, SC, 29306 offers $1,843/mo rent that, after a $1,517/mo payment. Total monthly income is $1,843/mo. Return on cash invested measures 19.88% in year one, and rental yield stands at 7.13% at a $309,990 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,645 by year five. Five-year ROI records 102.39% and total cumulative return in cash reaches $105,220. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,843/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29306, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,727 (100%) |
| Owner Occupied HU | 3,307 (42.8%) |
| Renter Occupied HU | 3,746 (48.5%) |
| Vacant Housing Units | 674 ( 8.7%) |
| Median Home Value | $203,978 |
| Average Home Value | $261,168 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
6,200
Multi-Family
1,328
Businesses
695
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Landcrafters Inc
Mls Name: CTMLS
Mls ID: #25024278