20 Gordon StSpartanburgSC29301
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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 20 Gordon St, Spartanburg, SC, 29301 uses $92,787 cash to close to unlock $3,453/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $1,954/mo, and a $1,370/mo payment keeps the spread at $288/mo. Purchase price stands at $279,900, and rental yield measures 8.38% with $1,954/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 122.48% and total cumulative return in cash records $113,641. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,954/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29301, Spartanburg, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,504 (100%) |
| Owner Occupied HU | 8,872 (50.7%) |
| Renter Occupied HU | 6,857 (39.2%) |
| Vacant Housing Units | 1,775 (10.1%) |
| Median Home Value | $234,576 |
| Average Home Value | $271,423 |
Housing Distribution
Address Breakdown
Residential
15,828
Single Family
13,183
Multi-Family
2,645
Businesses
1,336
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Listed by: Laura Gault • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls ID: #332081