838 Lookout DrSpartanburgSC29306
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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 838 Lookout Dr, Spartanburg, SC, 29306 listed at $125,995 pairs $2,282/mo rent with a $617/mo payment to leave $1,082/mo cash flow. Total monthly income runs $2,282/mo, and annual cash flow reaches $12,980/yr on $41,767 cash to close. Return on cash invested measures 50.99% in year one, and rental yield registers 21.73% at a $125,995 basis. Equity gained on principal adds $813/yr, and annual property appreciation at 5% supports $34,810 by year five. Five-year ROI tracks 273.93% and total cumulative return in cash totals $114,413. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,282/mo property income relative to a $617/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
N/A lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29306, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,727 (100%) |
| Owner Occupied HU | 3,307 (42.8%) |
| Renter Occupied HU | 3,746 (48.5%) |
| Vacant Housing Units | 674 ( 8.7%) |
| Median Home Value | $203,978 |
| Average Home Value | $261,168 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
6,200
Multi-Family
1,328
Businesses
695
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Listed by: N/A • Morning View Communities
Mls Name: Morning View Communities
Mls ID: #N/A