423 Shoally RdBoiling SpringsSC29316
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
Investment property for sale in Boiling Springs at 423 Shoally Rd, Boiling Springs, SC, 29316 at $260,000 posts ROI 26.58% with $479/mo cash flow from $2,027/mo rent. Total monthly income equals $2,027/mo, and annual cash flow records $5,746/yr on $86,190 to close. Return on cash invested measures 26.58% and rental yield reads 9.36% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 138.27% and total cumulative return in cash totals $119,177.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,027/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1977
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29316, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,048 (100%) |
| Owner Occupied HU | 9,590 (73.5%) |
| Renter Occupied HU | 2,897 (22.2%) |
| Vacant Housing Units | 561 ( 4.3%) |
| Median Home Value | $253,865 |
| Average Home Value | $283,497 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
13,201
Multi-Family
793
Businesses
802
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Nearby investment properties with comparable prices
Listed by: Hunter T Gneisig • Beyond Real Estate
Mls Name: SAR
Mls ID: #330263