331 W Pointe DrSpartanburgSC29301
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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 331 W Pointe Dr, Spartanburg, SC, 29301 uses $57,648 cash to close to unlock $7,320/yr annual cash flow and $610/mo monthly cash flow. Total monthly income runs $1,645/mo, and a $851/mo payment keeps the spread at $610/mo. Purchase price stands at $173,900, and rental yield measures 11.35% with $1,645/mo rent. Return on cash invested shows 32.61% in year one, and 5% annual appreciation builds toward $48,045 over five years. Five-year ROI reaches 170.62% and total cumulative return in cash records $98,362. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,645/mo property income covering a $851/mo payment rather than investor’s personal income.
Townhouse
Built in 1994
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
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Listed by: DAVID W FOWLER • Region South Realty, LLC
Mls Name: SAR
Mls ID: #329528