1032 Cargo DrSpartanburgSC29306
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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 1032 Cargo Dr, Spartanburg, SC, 29306 offers a 9.77% rental yield on a $199,990 purchase with $1,629/mo rent. Total monthly income registers $1,629/mo, and a $979/mo payment leaves $438/mo available for distribution. Annual cash flow reaches $5,260/yr on $66,297 to close, and return on cash invested stands at 27.84% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,254 over five years. Portfolio math shows five-year ROI at 145.12% and total cumulative return in cash at $96,209. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,629/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
2,395 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29306, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,727 (100%) |
| Owner Occupied HU | 3,307 (42.8%) |
| Renter Occupied HU | 3,746 (48.5%) |
| Vacant Housing Units | 674 ( 8.7%) |
| Median Home Value | $203,978 |
| Average Home Value | $261,168 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
6,200
Multi-Family
1,328
Businesses
695
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Listed by: Holly Walsh • DFH Realty Georgia, LLC
Mls Name: Greater Greenville AOR
Mls ID: #1555756