541 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
Rental property for sale in Spartanburg at 541 Molly Parker Ln, Spartanburg, SC, 29301 generates $1,860/mo in rent and, after a $1,184/mo payment, leaves $403/mo in cash flow. Total monthly income is $1,860/mo, and annual cash flow is $4,840/yr on $80,190 invested. Return on cash invested sits at 25.94% in year one, and rental yield is 9.23% on a $241,900 entry. Equity gained on principal adds $1,561/yr, while 5% annual appreciation builds toward $66,833 over five years. Five-year ROI reaches 135.01% and total cumulative return in cash sums $108,263. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,860/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
5,227 sqft lot
$N/A/sqft
$200 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: Steven Bobo • BOBO, A. S. REAL ESTATE
Mls Name: SAR
Mls Provider:
Mls ID: #316908
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.