1034 Cargo Dr LOT 70SpartanburgSC29306
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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 1034 Cargo Dr LOT 70, Spartanburg, SC, 29306 earns $248/mo cash flow from $1,560/mo rent with a $1,079/mo payment. Total monthly income totals $1,560/mo, and annual cash flow totals $2,972/yr on $73,092 capital. ROI tracks 23.97% on current figures, and rental yield reads 8.49% at a $220,490 purchase. Equity gained on principal adds $1,423/yr, and 5% annual appreciation supports $60,917 over five years. Five-year ROI reaches 124.36% and total cumulative return in cash sums $90,897. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,560/mo property income instead of your personal income.
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: Debra Mills • DFH Realty Georgia, LLC
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1538789
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.