367 Winsmith AveSpartanburgSC29306
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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 367 Winsmith Ave, Spartanburg, SC, 29306 priced at $274,500 converts $1,790/mo rent into $155/mo cash flow after a $1,344/mo obligation. Total monthly income equals $1,790/mo, and annual cash flow totals $1,866/yr on $90,997 invested. Return on cash invested prints 21.96% in year one, and rental yield reads 7.83% against a $274,500 entry. Equity gained on principal adds $1,771/yr, while 5% annual appreciation compiles into $75,839 by year five. Five-year ROI reaches 113.55% and total cumulative return in cash sums $103,330. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,790/mo property income covering a $1,344/mo payment, not borrower’s personal income.
Single Family
Built in 1930
7,405 sqft 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: Jennifer Wills • Thrive Real Estate Brokers, LL
Mls Name: SAR
Mls ID: #330094