Wellford Plan, Gentry PlaceSpartanburgSC29301
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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
Investment property for sale in Spartanburg at Wellford Plan, Gentry Place, Spartanburg, SC, 29301 with 5% annual appreciation on a $246,800 basis while $2,054/mo rent supports operations. Total monthly income totals $2,054/mo and a $1,208/mo payment preserves $585/mo for cash returns. Annual cash flow comes to $7,018/yr on $81,814 deployed, and return on cash invested reaches 28.49% in year one. Equity gained on principal adds $1,593/yr, and five-year appreciation sums $68,186 alongside rental yield of 9.99%. Five-year ROI measures 148.52% and total cumulative return in cash totals $121,513.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,054/mo property income versus a $1,208/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
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
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Listed by: Dylan Morris • Enchanted Homes
Mls Name: Enchanted Homes
Mls Provider:
Mls ID: #N/A