433 Burns RdSpartanburgSC29307
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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 433 Burns Rd, Spartanburg, SC, 29307 listed at $440,000 pairs $1,965/mo rent with a $2,154/mo payment. Total monthly income runs $1,965/mo. Return on cash invested measures 14.52% in year one, and rental yield registers 5.36% at a $440,000 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,564 by year five. Five-year ROI tracks 73.67% and total cumulative return in cash totals $107,458. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,965/mo property income relative to a $2,154/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2022
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
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Listed by: Vickie J Campbell • Better Homes & Gardens Young &
Mls Name: SAR
Mls ID: #332238