Evans Plan, Mayfair VillageSpartanburgSC29301
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
Rental property for sale in Spartanburg at Evans Plan, Mayfair Village, Spartanburg, SC, 29301 priced at $251,000 pairs $1,860/mo rent with $365/mo cash flow after a $1,229/mo payment. Total monthly income equals $1,860/mo, and annual cash flow comes to $4,384/yr on $83,207 invested. Return on cash invested is 25.18% in year one, and rental yield stands at 8.89% on a $251,000 basis. Equity gained on principal adds $1,620/yr, and 5% annual appreciation accumulates to $69,347 by year five. Five-year ROI measures 130.81% and total cumulative return in cash reaches $108,840. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $1,229/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Mungo Homes
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A