8023 Broadmead Ct LOT 84SpartanburgSC29307
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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 Spartanburg at 8023 Broadmead Ct LOT 84, Spartanburg, SC, 29307 uses $101,601 cash to close to unlock $452/yr annual cash flow and $38/mo monthly cash flow. Total monthly income runs $1,862/mo, and a $1,500/mo payment keeps the spread at $38/mo. Purchase price stands at $306,490, and rental yield measures 7.29% with $1,862/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $84,678 over five years. Five-year ROI reaches 104.93% and total cumulative return in cash records $106,605. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,862/mo property income covering a $1,500/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
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Listed by: Jaymie Dimbath • Pulte Realty Of Georgia Inc
Mls Name: Greater Greenville AOR
Mls ID: #1564946