374-376 Anderson 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
Investment property for sale in Spartanburg at 374-376 Anderson Dr, Spartanburg, SC, 29302 uses $56,024 cash to close to unlock $7,370/yr annual cash flow and $614/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $827/mo payment keeps the spread at $614/mo. Purchase price stands at $169,000, and rental yield measures 11.5% with $1,620/mo rent. Return on cash invested shows 33.06% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 173.15% and total cumulative return in cash records $97,003. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $827/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
N/A 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: Ryan Childers • Childers Real Estate
Mls Name: SAR
Mls Provider:
Mls ID: #320210
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.