Hope Rd #BG98JMSpartanburgSC29303
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 Hope Rd #BG98JM, Spartanburg, SC, 29303 generates $2,956/mo in rent and, after a $1,682/mo payment, leaves $910/mo in cash flow. Total monthly income is $2,956/mo, and annual cash flow is $10,924/yr on $113,903 invested. Return on cash invested sits at 29.5% in year one, and rental yield is 10.32% on a $343,600 entry. Equity gained on principal adds $2,217/yr, while 5% annual appreciation builds toward $94,930 over five years. Five-year ROI reaches 153.98% and total cumulative return in cash sums $175,388. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,956/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29303, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,934 (100%) |
| Owner Occupied HU | 5,515 (46.2%) |
| Renter Occupied HU | 4,926 (41.3%) |
| Vacant Housing Units | 1,493 (12.5%) |
| Median Home Value | $174,936 |
| Average Home Value | $223,304 |
Housing Distribution
Address Breakdown
Residential
10,568
Single Family
8,920
Multi-Family
1,648
Businesses
1,197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A