311 Cliffrose CtSpartanburgSC29306
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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
Rental property for sale in Spartanburg at 311 Cliffrose Ct, Spartanburg, SC, 29306 offers $1,916/mo rent that, after a $1,346/mo payment, leaves $262/mo cash flow. Total monthly income is $1,916/mo, and annual cash flow is $3,147/yr on $91,163 cash. Return on cash invested measures 23.36% in year one, and rental yield stands at 8.36% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 121.15% and total cumulative return in cash reaches $110,447. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,916/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
0.53 Acres lot
$N/A/sqft
$200 annually 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
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Listed by: Jennifer Hocker Van Gieson • BHHS C Dan Joyner - Midtown
Mls Name: SAR
Mls Provider:
Mls ID: #315084
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.