721 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 721 Peyden Ln, Spartanburg, SC, 29301 priced at $196,500 converts $1,800/mo rent into $433/mo cash flow after a $962/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $5,196/yr on $65,140 invested. Return on cash invested prints 27.89% in year one, and rental yield reads 10.99% against a $196,500 entry. Equity gained on principal adds $1,268/yr, while 5% annual appreciation compiles into $54,289 by year five. Five-year ROI reaches 146.71% and total cumulative return in cash sums $95,569. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $962/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
3,920 sqft lot
$N/A/sqft
$197 monthly 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 Provider:
Mls ID: #326739
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 21:52:22 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#329)