610 S Converse StSpartanburgSC29306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 610 S Converse St, Spartanburg, SC, 29306 priced at $288,000 pairs $1,283/mo rent with after a $1,410/mo payment. Total monthly income equals $1,283/mo. Return on cash invested is 14.09% in year one, and rental yield stands at 5.35% on a $288,000 basis. Equity gained on principal adds $1,858/yr, and 5% annual appreciation accumulates to $79,569 by year five. Five-year ROI measures 71.44% and total cumulative return in cash reaches $68,208. For financing, Ziffy Mortgage’s DSCR program evaluates $1,283/mo property income against a $1,410/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29306, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,727 (100%) |
| Owner Occupied HU | 3,307 (42.8%) |
| Renter Occupied HU | 3,746 (48.5%) |
| Vacant Housing Units | 674 ( 8.7%) |
| Median Home Value | $203,978 |
| Average Home Value | $261,168 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
6,200
Multi-Family
1,328
Businesses
695
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tramaine Booker • ChuckTown Homes PB KW
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1564406
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.