505 Cambridge DrSpartanburgSC29301
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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 505 Cambridge Dr, Spartanburg, SC, 29301 with 5% annual appreciation on a $345,000 basis while $2,184/mo rent supports operations. Total monthly income totals $2,184/mo and a $1,689/mo payment preserves $130/mo for cash returns. Annual cash flow comes to $1,559/yr on $114,368 deployed, and return on cash invested reaches 21.27% in year one. Equity gained on principal adds $2,226/yr, and five-year appreciation sums $95,317 alongside rental yield of 7.6%. Five-year ROI measures 109.83% and total cumulative return in cash totals $125,608.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,184/mo property income versus a $1,689/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
0.65 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
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Listed by: LEANNE CARSWELL • Expert Real Estate Team
Mls Name: SAR
Mls ID: #329441