5002 Atkins Way LOT 29Boiling SpringsSC29316
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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 Boiling Springs at 5002 Atkins Way LOT 29, Boiling Springs, SC, 29316 listed at $432,590 pairs $2,640/mo rent with a $2,117/mo payment to leave $65/mo cash flow. Total monthly income runs $2,640/mo, and annual cash flow reaches $782/yr on $143,404 cash to close. Return on cash invested measures 20.45% in year one, and rental yield registers 7.32% at a $432,590 basis. Equity gained on principal adds $2,791/yr, and annual property appreciation at 5% supports $119,517 by year five. Five-year ROI tracks 105.47% and total cumulative return in cash totals $151,248. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $2,117/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29316, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,048 (100%) |
| Owner Occupied HU | 9,590 (73.5%) |
| Renter Occupied HU | 2,897 (22.2%) |
| Vacant Housing Units | 561 ( 4.3%) |
| Median Home Value | $253,865 |
| Average Home Value | $283,497 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
13,201
Multi-Family
793
Businesses
802
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Listed by: Kevin White • Pulte Home Company
Mls Name: Greater Greenville AOR
Mls ID: #1570069