494 Longview DrSpartanburgSC29303
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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 494 Longview Dr, Spartanburg, SC, 29303 uses $51,383 cash to close to unlock $4,740/yr annual cash flow and $395/mo monthly cash flow. Total monthly income runs $1,318/mo, and a $759/mo payment keeps the spread at $395/mo. Purchase price stands at $155,000, and rental yield measures 10.2% with $1,318/mo rent. Return on cash invested shows 29.13% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 151.97% and total cumulative return in cash records $78,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,318/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 2016
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29303, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,934 (100%) |
| Owner Occupied HU | 5,515 (46.2%) |
| Renter Occupied HU | 4,926 (41.3%) |
| Vacant Housing Units | 1,493 (12.5%) |
| Median Home Value | $174,936 |
| Average Home Value | $223,304 |
Housing Distribution
Address Breakdown
Residential
10,568
Single Family
8,920
Multi-Family
1,648
Businesses
1,197
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Listed by: LIBBY WAMPOLE • RE/MAX MOVES - GREER
Mls Name: SAR
Mls ID: #327186