405 Mopar Ln #40-HRSpartanburgSC29301
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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 405 Mopar Ln #40-HR, Spartanburg, SC, 29301 earns $551/mo cash flow from $1,800/mo rent with a $1,027/mo payment. Total monthly income totals $1,800/mo, and annual cash flow totals $6,612/yr on $69,532 capital. ROI tracks 29.42% on current figures, and rental yield reads 10.3% at a $209,749 purchase. Equity gained on principal adds $1,353/yr, and 5% annual appreciation supports $57,950 over five years. Five-year ROI reaches 153.61% and total cumulative return in cash sums $106,809. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,800/mo property income instead of your personal income.
Townhouse
Built in N/A
1,980 sqft 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: Katherine Jarrett • Lennar Carolinas LLC
Mls Name: Greater Greenville AOR
Mls ID: #1568348