328 Wimberly DrSpartanburgSC29306
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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 328 Wimberly Dr, Spartanburg, SC, 29306 generates $2,417/mo in rent and, after a $1,468/mo payment, leaves $632/mo in cash flow. Total monthly income is $2,417/mo, and annual cash flow is $7,579/yr on $99,417 invested. Return on cash invested sits at 27.53% in year one, and rental yield is 9.67% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 143.44% and total cumulative return in cash sums $142,600. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,417/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.57 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
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Listed by: LEDA OTHMAN • Keller Williams Realty
Mls Name: SAR
Mls ID: #331657