6353 Greenfield DrSpartanburgSC29303
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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 6353 Greenfield Dr, Spartanburg, SC, 29303 listed at $224,000 pairs $1,936/mo rent with a $1,096/mo payment to leave $603/mo cash flow. Total monthly income runs $1,936/mo, and annual cash flow reaches $7,235/yr on $74,256 cash to close. Return on cash invested measures 29.65% in year one, and rental yield registers 10.37% at a $224,000 basis. Equity gained on principal adds $1,445/yr, and annual property appreciation at 5% supports $61,887 by year five. Five-year ROI tracks 154.78% and total cumulative return in cash totals $114,931. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,936/mo property income relative to a $1,096/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29303, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,934 (100%) |
| Owner Occupied HU | 5,515 (46.2%) |
| Renter Occupied HU | 4,926 (41.3%) |
| Vacant Housing Units | 1,493 (12.5%) |
| Median Home Value | $174,936 |
| Average Home Value | $223,304 |
Housing Distribution
Address Breakdown
Residential
10,568
Single Family
8,920
Multi-Family
1,648
Businesses
1,197
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Listed by: LENNY GAINES • NextHome Lenny Gaines & Co.
Mls Name: SAR
Mls ID: #332477