400 Savoy StSpartanburgSC29301
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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 400 Savoy St, Spartanburg, SC, 29301 earns $32/mo cash flow from $1,961/mo rent with a $1,586/mo payment. Total monthly income totals $1,961/mo, and annual cash flow totals $386/yr on $107,389 capital. ROI tracks 20.27% on current figures, and rental yield reads 7.26% at a $323,950 purchase. Equity gained on principal adds $2,090/yr, and 5% annual appreciation supports $89,501 over five years. Five-year ROI reaches 104.5% and total cumulative return in cash sums $112,219. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,961/mo property income instead of your personal income.
Single Family
Built in 1986
0.49 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: Randal Longo • I Save Realty
Mls Name: SAR
Mls ID: #330317