3345 Robin Hood DrSpartanburgSC29302
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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 3345 Robin Hood Dr, Spartanburg, SC, 29302 generates $1,527/mo in rent and, after a $929/mo payment, leaves $181/mo in cash flow. Total monthly income is $1,527/mo, and annual cash flow is $2,172/yr on $62,952 invested. Return on cash invested sits at 23.36% in year one, and rental yield is 9.65% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 122.6% and total cumulative return in cash sums $77,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,527/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29302, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,544 (67.4%) |
| Renter Occupied HU | 2,067 (25.1%) |
| Vacant Housing Units | 615 ( 7.5%) |
| Median Home Value | $288,433 |
| Average Home Value | $345,926 |
Housing Distribution
Address Breakdown
Residential
8,115
Single Family
7,309
Multi-Family
806
Businesses
716
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Listed by: Preston Inglee • Century 21 Blackwell & Co
Mls Name: SAR
Mls Provider:
Mls ID: #320265
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.