710 Peyden LnSpartanburgSC29301
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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 710 Peyden Ln, Spartanburg, SC, 29301 priced at $199,499 converts $1,800/mo rent into $613/mo cash flow after a $976/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $7,354/yr on $66,134 invested. Return on cash invested prints 31.03% in year one, and rental yield reads 10.83% against a $199,499 entry. Equity gained on principal adds $1,287/yr, while 5% annual appreciation compiles into $55,118 by year five. Five-year ROI reaches 162.17% and total cumulative return in cash sums $107,251. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $976/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
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Listed by: Katherine Jarrett • LENNAR CAROLINAS, LLC
Mls Name: SAR
Mls ID: #327960