1036 Cargo Dr LOT 71SpartanburgSC29306
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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 1036 Cargo Dr LOT 71, Spartanburg, SC, 29306 offers a 9.97% rental yield on a $214,700 purchase with $1,783/mo rent. Total monthly income registers $1,783/mo, and a $1,051/mo payment leaves $505/mo available for distribution. Annual cash flow reaches $6,057/yr on $71,173 to close, and return on cash invested stands at 28.42% in year one. Equity gained on principal adds $1,385/yr while 5% annual appreciation supports $59,318 over five years. Portfolio math shows five-year ROI at 148.17% and total cumulative return in cash at $105,459. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,783/mo property income against a $1,051/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A 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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Nearby investment properties with comparable prices
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