Ashley Plan, Landmark CommonsBoiling 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 Ashley Plan, Landmark Commons, Boiling Springs, SC, 29316 priced at $281,000 converts $2,237/mo rent into $565/mo cash flow after a $1,375/mo obligation. Total monthly income equals $2,237/mo, and annual cash flow totals $6,775/yr on $93,152 invested. Return on cash invested prints 27.18% in year one, and rental yield reads 9.55% against a $281,000 entry. Equity gained on principal adds $1,813/yr, while 5% annual appreciation compiles into $77,635 by year five. Five-year ROI reaches 141.54% and total cumulative return in cash sums $131,843. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,237/mo property income covering a $1,375/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A 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: N/A • Mungo Homes
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A