804 Batten Cottage CtBoiling 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
Rental property for sale in Boiling Springs at 804 Batten Cottage Ct, Boiling Springs, SC, 29316 priced at $619,900 converts $3,644/mo rent into after a $3,034/mo obligation. Total monthly income equals $3,644/mo. Return on cash invested prints 19.79% in year one, and rental yield reads 7.05% against a $619,900 entry. Equity gained on principal adds $4,000/yr, while 5% annual appreciation compiles into $171,267 by year five. Five-year ROI reaches 101.85% and total cumulative return in cash sums $207,728. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,644/mo property income covering a $3,034/mo payment, not borrower’s personal income.
Single Family
Built in 2023
10,454 sqft lot
$N/A/sqft
No 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: VICTORIA CHILDRESS • BOULDER RIDGE, LLC
Mls Name: SAR
Mls ID: #331675