420 Powell Mill Rd

Spartanburg, SC 29301
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3 bd, 1 ba | 1,200 sqft | Built in 1934

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List Price
$104,900

Initial Investment

$28,585

Purchase Price

$104,900

Down Payment

25%

Rent

$1,180

Total Return

$64,693

Annualized Return

29.7%

Cap Rate

8.7%

Gross Yield

13.5%

Cash Flow

$2,715

Appreciation

8.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

55,272

HOA

None

Flood Risk

Not Required

Great central location! Right between West and East Spartanburg. Easy commute, less then a mile to Hwy29. Nice larger yard with detached garage. Beautiful fixer-upper property to renovate! Fun project for someone who loves remodeling. Great potential. This home will not be able to be financed. The home to be sold AS-IS, Seller never lived on the property therefore has no knowledge of the condition of the home.

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NEIGHBORHOOD

SCHOOLS

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Chris deTreville
Auben Realty, LLC
GA Agent License #64566

Annual Financial Highlights

Expected Rent

$13,452

Expenses

-$3,134

Property Taxes

-$1,900

Loan Payments

-$5,703

Net Cash Flow

$2,715

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

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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:VALENTINA RAGOZINSKI
Agent License 92182
AFFINITY GROUP REALTY
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceSpartanburg MLS
MLS #322548
Last Updated: 04/21/2025 15:04
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