524 Perrin DrSpartanburgSC29307
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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 524 Perrin Dr, Spartanburg, SC, 29307 priced at $400,000 converts $2,822/mo rent into $441/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,822/mo, and annual cash flow totals $5,288/yr on $132,600 invested. Return on cash invested prints 23.9% in year one, and rental yield reads 8.47% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 123.92% and total cumulative return in cash sums $164,320. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,822/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1973
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
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