612 Hardwood DrBoiling SpringsSC29316
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
Investment property for sale in Boiling Springs at 612 Hardwood Dr, Boiling Springs, SC, 29316 with 5% annual appreciation on a $162,800 basis while $2,028/mo rent supports operations. Total monthly income totals $2,028/mo and a $797/mo payment preserves $918/mo for cash returns. Annual cash flow comes to $11,016/yr on $53,968 deployed, and return on cash invested reaches 40.32% in year one. Equity gained on principal adds $1,051/yr, and five-year appreciation sums $44,979 alongside rental yield of 14.95%. Five-year ROI measures 213.09% and total cumulative return in cash totals $115,001.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,028/mo property income versus a $797/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2020
2,613 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29316, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,048 (100%) |
| Owner Occupied HU | 9,590 (73.5%) |
| Renter Occupied HU | 2,897 (22.2%) |
| Vacant Housing Units | 561 ( 4.3%) |
| Median Home Value | $253,865 |
| Average Home Value | $283,497 |
Housing Distribution
Address Breakdown
Residential
13,994
Single Family
13,201
Multi-Family
793
Businesses
802
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A