3122 Hillgate TrlBoiling SpringsSC29316
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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 Boiling Springs at 3122 Hillgate Trl, Boiling Springs, SC, 29316 listed at $252,095 pairs $1,843/mo rent with a $1,234/mo payment to leave $311/mo cash flow. Total monthly income runs $1,843/mo, and annual cash flow reaches $3,726/yr on $83,569 cash to close. Return on cash invested measures 24.37% in year one, and rental yield registers 8.77% at a $252,095 basis. Equity gained on principal adds $1,627/yr, and annual property appreciation at 5% supports $69,649 by year five. Five-year ROI tracks 126.63% and total cumulative return in cash totals $105,824. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,843/mo property income relative to a $1,234/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
$380 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29316, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,048 (100%) |
| Owner Occupied HU | 9,590 (73.5%) |
| Renter Occupied HU | 2,897 (22.2%) |
| Vacant Housing Units | 561 ( 4.3%) |
| Median Home Value | $253,865 |
| Average Home Value | $283,497 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
13,201
Multi-Family
793
Businesses
802
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Listed by: Eileen Donnelly • SM South Carolina Brokerage, L
Mls Name: SAR
Mls Provider:
Mls ID: #326912
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.