616 Massachusetts BlvdSpartanburgSC29306
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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 616 Massachusetts Blvd, Spartanburg, SC, 29306 listed at $184,000 pairs $1,919/mo rent with a $901/mo payment to leave $823/mo cash flow. Total monthly income runs $1,919/mo, and annual cash flow reaches $9,879/yr on $60,996 cash to close. Return on cash invested measures 36.11% in year one, and rental yield registers 12.52% at a $184,000 basis. Equity gained on principal adds $1,187/yr, and annual property appreciation at 5% supports $50,836 by year five. Five-year ROI tracks 189.46% and total cumulative return in cash totals $115,561. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,919/mo property income relative to a $901/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
5,662 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
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Listed by: Jeffrey Shippy • Belle Realty and Associates
Mls Name: SAR
Mls Provider:
Mls ID: #313253
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.