140 Gardner Rd

Spartanburg, SC 29307
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3 bd, 1 ba | 1,336 sqft | Built in 1960

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List Price
$167,500

Initial Investment

$45,644

Purchase Price

$167,500

Down Payment

25%

Rent

$2,350

Total Return

$106,913

Annualized Return

32.4%

Cap Rate

10.3%

Gross Yield

16.8%

Cash Flow

$7,059

Appreciation

7.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

You don't want to miss this lovely 3 bedroom 1 bath ranch home. It has a newer roof which was replaced in 2019. This is a very well maintained home made out of concrete block with exterior vinyl siding. It comes fully furnished with all appliances and furniture. With more than a 1/2 acre you and your family will have plenty of room for outdoor barbeques and recreation. It boasts a very spacious shop and has a detached double metal car port. This house has been very will maintained and is a great investment.

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NEIGHBORHOOD

SCHOOLS

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Chris deTreville
Auben Realty, LLC
GA Agent License #64566

Annual Financial Highlights

Expected Rent

$26,790

Expenses

-$7,424

Property Taxes

-$3,200

Loan Payments

-$9,106

Net Cash Flow

$7,059

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:BART MITCHELL
Ponce Realty Group-2
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceSpartanburg MLS
MLS #310576
Last Updated: 04/25/2024 17:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.