806 Hartscove 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 806 Hartscove Ct, Boiling Springs, SC, 29316 generates $3,214/mo in rent, after a $2,753/mo payment. Total monthly income is $3,214/mo. Return on cash invested sits at 19.19% in year one, and rental yield is 6.86% on a $562,500 entry. Equity gained on principal adds $3,630/yr, while 5% annual appreciation builds toward $155,408 over five years. Five-year ROI reaches 98.63% and total cumulative return in cash sums $182,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,214/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
0.46 Acres 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: Carla Williams • Blue Ridge Real Estate
Mls Name: SAR
Mls ID: #327274