517 Molly Parker LnSpartanburgSC29301
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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 517 Molly Parker Ln, Spartanburg, SC, 29301 listed at $219,800 pairs $1,860/mo rent with a $1,076/mo payment to leave $551/mo cash flow. Total monthly income runs $1,860/mo, and annual cash flow reaches $6,617/yr on $72,864 cash to close. Return on cash invested measures 28.99% in year one, and rental yield registers 10.15% at a $219,800 basis. Equity gained on principal adds $1,418/yr, and annual property appreciation at 5% supports $60,727 by year five. Five-year ROI tracks 151.25% and total cumulative return in cash totals $110,204. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,860/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2026
5,662 sqft 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: Joshua Allen • Cornerstone Real Estate Group
Mls Name: SAR
Mls ID: #331298