8180 9th StBoiling SpringsSC29316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Boiling Springs at 8180 9th St, Boiling Springs, SC, 29316 listed at $178,500 pairs $1,522/mo rent with a $874/mo payment to leave $449/mo cash flow. Total monthly income runs $1,522/mo, and annual cash flow reaches $5,384/yr on $59,173 cash to close. Return on cash invested measures 29.01% in year one, and rental yield registers 10.23% at a $178,500 basis. Equity gained on principal adds $1,152/yr, and annual property appreciation at 5% supports $49,316 by year five. Five-year ROI tracks 151.41% and total cumulative return in cash totals $89,594. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,522/mo property income relative to a $874/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Hurry • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls Provider:
Mls ID: #321602
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.