675 Secretariat DrBoiling 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
Investment property for sale in Boiling Springs at 675 Secretariat Dr, Boiling Springs, SC, 29316 at $299,900 posts ROI 22.82% with $242/mo cash flow from $2,054/mo rent. Total monthly income equals $2,054/mo, and annual cash flow records $2,898/yr on $99,417 to close. Return on cash invested measures 22.82% and rental yield reads 8.22% at the current $299,900. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 by year five. Five-year ROI prints 118.29% and total cumulative return in cash totals $117,604.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,054/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2008
8,276 sqft lot
$N/A/sqft
$325 annually 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: Brandi Hill • Beyond Real Estate
Mls Name: SAR
Mls Provider:
Mls ID: #323190
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.