615 Basil CtSpartanburgSC29301
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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 615 Basil Ct, Spartanburg, SC, 29301 earns $561/mo cash flow from $1,721/mo rent with a $954/mo payment. Total monthly income totals $1,721/mo, and annual cash flow totals $6,729/yr on $64,609 capital. ROI tracks 30.32% on current figures, and rental yield reads 10.6% at a $194,900 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,847 over five years. Five-year ROI reaches 158.4% and total cumulative return in cash sums $102,339. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,721/mo property income instead of your personal income.
Single Family
Built in 1999
0.27 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: Constance Bennett • Trelora Realty INC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324626