438 Arch StSpartanburgSC29301
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
Rental property for sale in Spartanburg at 438 Arch St, Spartanburg, SC, 29301 generates $1,153/mo in rent, after a $1,042/mo payment. Total monthly income is $1,153/mo. Return on cash invested sits at 17.97% in year one, and rental yield is 6.5% on a $212,900 entry. Equity gained on principal adds $1,374/yr, while 5% annual appreciation builds toward $58,820 over five years. Five-year ROI reaches 92.11% and total cumulative return in cash sums $65,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,153/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy Klochko • Affinity Group Realty
Mls Name: SAR
Mls Provider:
Mls ID: #316284
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.