735 Springhill Ave

Spartanburg, SC 29303
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3 bd, 1 ba | 1,080 sqft | Built in 1960

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List Price
$174,000

Initial Investment

$47,415

Purchase Price

$174,000

Down Payment

25%

Rent

$1,190

Total Return

$58,894

Annualized Return

17.0%

Cap Rate

4.9%

Gross Yield

8.2%

Cash Flow

-$1,458

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,243

HOA

None

Flood Risk

Not Required

Very nice 3 bedroom bungalow on a large corner lot with a detached 1 car garage. This home features wood floors, a nice eat in kitchen, family room and dining area. The home has been very well maintained and is in really good condition. The seller is willing to leave some of the furniture with the right offer.

See more in Analysis
Chris deTreville
Auben Realty, LLC
GA Agent License #64566

Annual Financial Highlights

Expected Rent

$13,566

Expenses

-$2,415

Property Taxes

-$3,150

Loan Payments

-$9,460

Net Cash Flow

-$1,458

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:Ron Hawkins
Agent License 13149
BHHS C Dan Joyner - Sptbg
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceGreater Greenville AOR MLS
MLS #1508527
Last Updated: 09/19/2023 14:09
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