Zip Code 29301 — Spartanburg, SC
🟡MODERATE— average returnsCap Rate
4.7%
Monthly Cash Flow
-$340
Median Home Price
$239,002
DSCR
0.73
🏠 Fair Market Rents
- Studio
- $1,040/mo
- 1 Bedroom
- $1,090/mo
- 2 Bedroom
- $1,220/mo
- 3 Bedroom
- $1,550/mo
- 4 Bedroom
- $1,640/mo
📊 Investment Metrics
- Cap Rate
- 4.7%
- Cash-on-Cash Return
- -7.4%
- Price-to-Rent Ratio
- 12.8
- 1% Rule
- 0.65%
- Gross Rent Multiplier
- 12.8
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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