409 Balfour RdSpartanburgSC29306
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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 409 Balfour Rd, Spartanburg, SC, 29306 listed at $465,000 pairs $3,023/mo rent with a $2,276/mo payment to leave $255/mo cash flow. Total monthly income runs $3,023/mo, and annual cash flow reaches $3,059/yr on $154,148 cash to close. Return on cash invested measures 21.89% in year one, and rental yield registers 7.8% at a $465,000 basis. Equity gained on principal adds $3,001/yr, and annual property appreciation at 5% supports $128,471 by year five. Five-year ROI tracks 113.17% and total cumulative return in cash totals $174,443. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,023/mo property income relative to a $2,276/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.70 Acres 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: Olivia Ott • Ponce Realty Group
Mls Name: SAR
Mls ID: #329020