469 Gibson 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
Investment property for sale in Spartanburg at 469 Gibson Rd, Spartanburg, SC, 29302 listed at $250,000 pairs $2,166/mo rent with a $1,224/mo payment to leave $677/mo cash flow. Total monthly income runs $2,166/mo, and annual cash flow reaches $8,129/yr on $82,875 cash to close. Return on cash invested measures 29.72% in year one, and rental yield registers 10.4% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 155.16% and total cumulative return in cash totals $128,590. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,166/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
0.70 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: Alicia Waynick • Coldwell Banker Caine/Williams
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1557241
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.