709 Crescent AveSpartanburgSC29306
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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 Spartanburg at 709 Crescent Ave, Spartanburg, SC, 29306 priced at $145,000 converts $1,097/mo rent into $234/mo cash flow after a $710/mo obligation. Total monthly income equals $1,097/mo, and annual cash flow totals $2,803/yr on $48,068 invested. Return on cash invested prints 25.74% in year one, and rental yield reads 9.08% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 133.83% and total cumulative return in cash sums $64,328. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,097/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1910
7,840 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: Danielle Bradshaw • Realty One Group Freedom
Mls Name: SAR
Mls ID: #331706