430 Dairy Ridge RdSpartanburgSC29302
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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
Rental property for sale in Spartanburg at 430 Dairy Ridge Rd, Spartanburg, SC, 29302 priced at $279,900 converts $1,620/mo rent into after a $1,370/mo obligation. Total monthly income equals $1,620/mo. Return on cash invested prints 19.31% in year one, and rental yield reads 6.95% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 99.33% and total cumulative return in cash sums $92,161. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Manufactured
Built in 2025
0.82 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: Lori Thompson • Keller Williams Realty
Mls Name: SAR
Mls ID: #329661