652 Clarion CtBoiling SpringsSC29316
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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
Rental property for sale in Boiling Springs at 652 Clarion Ct, Boiling Springs, SC, 29316 generates $1,905/mo in rent and, after a $1,346/mo payment, leaves $268/mo in cash flow. Total monthly income is $1,905/mo, and annual cash flow is $3,216/yr on $91,146 invested. Return on cash invested sits at 23.44% in year one, and rental yield is 8.31% on a $274,950 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,964 over five years. Five-year ROI reaches 121.51% and total cumulative return in cash sums $110,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,905/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
6,098 sqft lot
$N/A/sqft
No 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
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Listed by: Yelena Gorash • Affinity Group Realty
Mls Name: SAR
Mls ID: #331662