821 Magness DrSpartanburgSC29303
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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 821 Magness Dr, Spartanburg, SC, 29303 at $199,999 posts ROI 31.46% with $638/mo cash flow from $1,829/mo rent. Total monthly income equals $1,829/mo, and annual cash flow records $7,660/yr on $66,300 to close. Return on cash invested measures 31.46% and rental yield reads 10.97% at the current $199,999. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 by year five. Five-year ROI prints 164.54% and total cumulative return in cash totals $109,088.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,829/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1956
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29303, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,934 (100%) |
| Owner Occupied HU | 5,515 (46.2%) |
| Renter Occupied HU | 4,926 (41.3%) |
| Vacant Housing Units | 1,493 (12.5%) |
| Median Home Value | $174,936 |
| Average Home Value | $223,304 |
Housing Distribution
Address Breakdown
Residential
10,568
Single Family
8,920
Multi-Family
1,648
Businesses
1,197
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Listed by: Holly West • Coldwell Banker Caine Real Est
Mls Name: WUMLS
Mls ID: #20296775