389 Wadsworth RdSpartanburgSC29301
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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 389 Wadsworth Rd, Spartanburg, SC, 29301 uses $82,842 cash to close to unlock $4,470/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $1,860/mo, and a $1,223/mo payment keeps the spread at $373/mo. Purchase price stands at $249,900, and rental yield measures 8.93% with $1,860/mo rent. Return on cash invested shows 25.31% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 131.47% and total cumulative return in cash records $108,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.41 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: Lori Lancaster • Keller Williams Realty
Mls Name: SAR
Mls ID: #332578