525 W Norvell CtSpartanburgSC29307
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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 525 W Norvell Ct, Spartanburg, SC, 29307 priced at $211,990 converts $1,794/mo rent into $532/mo cash flow after a $1,038/mo obligation. Total monthly income equals $1,794/mo, and annual cash flow totals $6,380/yr on $70,275 invested. Return on cash invested prints 28.99% in year one, and rental yield reads 10.16% against a $211,990 entry. Equity gained on principal adds $1,368/yr, while 5% annual appreciation compiles into $58,569 by year five. Five-year ROI reaches 151.25% and total cumulative return in cash sums $106,288. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,794/mo property income covering a $1,038/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
1,742 sqft 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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Listed by: Chelsea Cathcart • DRB Group South Carolina, LLC
Mls Name: SAR
Mls ID: #332380