514 Tomlin TrlSpartanburgSC29301
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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
Rental property for sale in Spartanburg at 514 Tomlin Trl, Spartanburg, SC, 29301 generates $2,503/mo in rent and, after a $1,502/mo payment, leaves $643/mo in cash flow. Total monthly income is $2,503/mo, and annual cash flow is $7,719/yr on $101,733 invested. Return on cash invested sits at 27.5% in year one, and rental yield is 9.79% on a $306,888 entry. Equity gained on principal adds $1,980/yr, while 5% annual appreciation builds toward $84,788 over five years. Five-year ROI reaches 143.39% and total cumulative return in cash sums $145,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,503/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
6,534 sqft lot
$N/A/sqft
$395 annually 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: Julie Mercer • WJH LLC
Mls Name: SAR
Mls Provider:
Mls ID: #330660
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-23 04:27:20 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#329)