5022 Pratt DrBoiling 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 5022 Pratt Dr, Boiling Springs, SC, 29316 uses $74,256 cash to close to unlock $9,839/yr annual cash flow and $820/mo monthly cash flow. Total monthly income runs $2,153/mo, and a $1,096/mo payment keeps the spread at $820/mo. Purchase price stands at $224,000, and rental yield measures 11.53% with $2,153/mo rent. Return on cash invested shows 33.16% in year one, and 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 173.57% and total cumulative return in cash records $128,887. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,153/mo property income covering a $1,096/mo payment rather than investor’s personal income.
Single Family
Built in 2022
9,147 sqft 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: TIMOTHY HARRIS • PROVIDENCE REALTY & MARKETING
Mls Name: SAR
Mls ID: #329575