423 Bethlehem DrSpartanburgSC29306
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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 423 Bethlehem Dr, Spartanburg, SC, 29306 with 5% annual appreciation on a $179,900 basis while $1,712/mo rent supports operations. Total monthly income totals $1,712/mo and a $881/mo payment preserves $641/mo for cash returns. Annual cash flow comes to $7,687/yr on $59,637 deployed, and return on cash invested reaches 32.8% in year one. Equity gained on principal adds $1,161/yr, and five-year appreciation sums $49,703 alongside rental yield of 11.42%. Five-year ROI measures 171.69% and total cumulative return in cash totals $102,393.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,712/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.35 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: Jennifer Hocker Van Gieson • Reedy Property Group, Inc
Mls Name: SAR
Mls ID: #331435