589 Andre 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 589 Andre Ln, Spartanburg, SC, 29301 at $280,000 posts ROI 30.7% with $835/mo cash flow from $2,501/mo rent. Total monthly income equals $2,501/mo, and annual cash flow records $10,016/yr on $92,820 to close. Return on cash invested measures 30.7% and rental yield reads 10.72% at the current $280,000. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 by year five. Five-year ROI prints 160.41% and total cumulative return in cash totals $148,893.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,501/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1968
0.43 Acres 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: Joyce Valalik • Keller Williams DRIVE
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1576956
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.