420 S Oakley LnSpartanburgSC29301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Spartanburg at 420 S Oakley Ln, Spartanburg, SC, 29301 offers $2,916/mo rent that, after a $3,597/mo payment. Total monthly income is $2,916/mo. Return on cash invested measures 12.82% in year one, and rental yield stands at 4.76% at a $735,000 entry. Equity gained on principal adds $4,743/yr while 5% annual appreciation compounds into $203,067 by year five. Five-year ROI records 64.5% and total cumulative return in cash reaches $155,964. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,916/mo property income versus a $3,597/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ANNETTE STARNES • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls ID: #330989