875 Affirmed DrBoiling 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 875 Affirmed Dr, Boiling Springs, SC, 29316 with 5% annual appreciation on a $369,900 basis while $2,236/mo rent supports operations. Total monthly income totals $2,236/mo and a $1,810/mo payment preserves $35/mo for cash returns. Annual cash flow comes to $414/yr on $122,622 deployed, and return on cash invested reaches 20.25% in year one. Equity gained on principal adds $2,387/yr, and five-year appreciation sums $102,197 alongside rental yield of 7.25%. Five-year ROI measures 104.35% and total cumulative return in cash totals $127,954.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,236/mo property income versus a $1,810/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
8,712 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: Diana Tkachuk • LPT Realty, LLC.
Mls Name: SAR
Mls ID: #330725