1244 Cleve Gosnell LnSpartanburgSC29303
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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 1244 Cleve Gosnell Ln, Spartanburg, SC, 29303 offers a 8.61% rental yield on a $250,950 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $1,228/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,677/yr on $83,190 to close, and return on cash invested stands at 24.33% in year one. Equity gained on principal adds $1,619/yr while 5% annual appreciation supports $69,333 over five years. Portfolio math shows five-year ROI at 126.27% and total cumulative return in cash at $105,044. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,228/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29303, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,934 (100%) |
| Owner Occupied HU | 5,515 (46.2%) |
| Renter Occupied HU | 4,926 (41.3%) |
| Vacant Housing Units | 1,493 (12.5%) |
| Median Home Value | $174,936 |
| Average Home Value | $223,304 |
Housing Distribution
Address Breakdown
Residential
10,568
Single Family
8,920
Multi-Family
1,648
Businesses
1,197
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Listed by: NICK ALLEN • Cornerstone Real Estate Group
Mls Name: SAR
Mls ID: #326610