Corner Litchfield Plan, Ransdell PointeSpartanburgSC29307
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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 Spartanburg at Corner Litchfield Plan, Ransdell Pointe, Spartanburg, SC, 29307 priced at $249,990 pairs $1,794/mo rent with $305/mo cash flow after a $1,224/mo payment. Total monthly income equals $1,794/mo, and annual cash flow comes to $3,665/yr on $82,872 invested. Return on cash invested is 24.33% in year one, and rental yield stands at 8.61% on a $249,990 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,068 by year five. Five-year ROI measures 126.29% and total cumulative return in cash reaches $104,659. For financing, Ziffy Mortgage’s DSCR program evaluates $1,794/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29307, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,587 (100%) |
| Owner Occupied HU | 6,371 (60.2%) |
| Renter Occupied HU | 3,144 (29.7%) |
| Vacant Housing Units | 1,072 (10.1%) |
| Median Home Value | $265,403 |
| Average Home Value | $314,697 |
Housing Distribution
Address Breakdown
Residential
9,568
Single Family
8,052
Multi-Family
1,516
Businesses
510
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Listed by: Shannon Redish • DRB Homes
Mls Name: DRB Homes
Mls Provider:
Mls ID: #N/A