425 E Shore DrSpartanburgSC29302
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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 425 E Shore Dr, Spartanburg, SC, 29302 earns $440/mo cash flow from $1,660/mo rent with a $1,003/mo payment. Total monthly income totals $1,660/mo, and annual cash flow totals $5,282/yr on $67,924 capital. ROI tracks 27.68% on current figures, and rental yield reads 9.72% at a $204,900 purchase. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 over five years. Five-year ROI reaches 144.28% and total cumulative return in cash sums $98,002. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,660/mo property income instead of your personal income.
Single Family
Built in 1952
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29302, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,544 (67.4%) |
| Renter Occupied HU | 2,067 (25.1%) |
| Vacant Housing Units | 615 ( 7.5%) |
| Median Home Value | $288,433 |
| Average Home Value | $345,926 |
Housing Distribution
Address Breakdown
Residential
8,115
Single Family
7,309
Multi-Family
806
Businesses
716
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Listed by: Rita Renee Scott • ERA Wilder Realty/Lexington
Mls Name: SAR
Mls ID: #329383