142 Dover Rd

Spartanburg, SC 29301
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4 bd, 3 ba | 3,095 sqft | Built in 1971

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List Price
$269,900

Initial Investment

$73,548

Purchase Price

$269,900

Down Payment

25%

Rent

$2,530

Total Return

$146,546

Annualized Return

25.9%

Cap Rate

7.1%

Gross Yield

11.2%

Cash Flow

$3,236

Appreciation

8.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

19,440

HOA

None

Flood Risk

Not Required

District 6, 4 bedroom, 3 bath, 3095 square feet split level, inground pool and 2nd kitchen. Main floor is ground level with the front yard and is a full floor with living room, separate dining room, kitchen with access to screened porch then up a half flight of stairs to 3 bedrooms which includes the master bedroom with full bath and hall bath with granite countertops. The next floor down is a partial floor and includes 1 bedroom, 1 bath, laundry room, door to outside deck and large living area that currently includes a movie projector, screen and equipment for purchase. The final floor down is a partial floor at the lowest level at ground level in the back yard and includes an unfinished storage area plus a full kitchen & living area with heat & air with door to back yard and parking for 3 cars in the back yard. Fenced in yard with inground pool installed in 2000 is covered and was last used 4-5 years ago at which time was functional but probably needs a new liner. New roof in 2020, new windows in 2000/1, deck 3-4 years old. All furniture available for sale, vinyl floor in kitchen & baths with carpet elsewhere, old refrigerator on main floor stays, new refrigerator on main floor and white refrigerator in 2nd kitchen do not remain. Minutes to west side of Spartanburg and I26.

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

Annual Financial Highlights

Expected Rent

$28,842

Expenses

-$5,782

Property Taxes

-$5,150

Loan Payments

-$14,673

Net Cash Flow

$3,236

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:MICHAEL DASSEL
KELLER WILLIAMS REALTY-1
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceSpartanburg MLS
MLS #313876
Last Updated: 07/25/2024 14:07
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