295 Fairlane Dr

Spartanburg, SC 29307
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4 bd, 3 ba | 2,424 sqft | Built in 1966

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List Price
$349,999

Initial Investment

$95,375

Purchase Price

$349,999

Down Payment

25%

Rent

$2,110

Total Return

$115,291

Annualized Return

16.1%

Cap Rate

4.1%

Gross Yield

7.2%

Cash Flow

-$5,615

Appreciation

7.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

25,265

HOA

$5/mo

Flood Risk

Not Required

Nestled in a well-established neighborhood on Spartanburg’s desirable east side, just outside the city limits. This charming 4-bedroom, 2.5-bath home offers a perfect blend of comfort, space, and natural beauty. Sitting on a picturesque 0.58-acre lot, the property is adorned with mature trees and shrubs, including a stately Southern magnolia. The fenced backyard provides a private retreat, complete with a deck platform ideal for grilling and entertaining. The private owner’s suite downstairs is a true haven, featuring its own cozy den with a gas log fireplace and laminate flooring, a huge bedroom with a walk-in closet, and a full bath with a ceramic shower and floor. Step onto the large screened porch with a raised ceiling, where you can sip your morning coffee while listening to the birds sing. A storage area and a backyard entrance add convenience to this serene space. The main level flows seamlessly, making hosting friends and family effortless. The foyer, living room, and dining room boast beautiful original hardwood floors, while the family room offers plush carpeting and a striking cathedral ceiling. The kitchen, with its charming breakfast area, wood cabinetry, and a window overlooking the backyard, is both functional and inviting. Upstairs, you’ll find three generously sized bedrooms with original hardwood floors, 1.5 baths with ceramic flooring and a tub/shower combo, a large laundry closet, and pull-down attic storage. Don't forget to ask for a list of all the updates. With its classic charm, spacious layout, and inviting outdoor spaces, this gem of a home is ready to welcome its next owners. Don’t miss this rare opportunity to own a piece of Spartanburg’s east side charm!

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

Annual Financial Highlights

Expected Rent

$24,054

Expenses

-$4,342

Property Taxes

-$6,300

Loan Payments

-$19,028

Net Cash Flow

-$5,615

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:Rob Ponce
Agent License 39334
Ponce Realty Group, LLC
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceGreater Greenville AOR MLS
MLS #1551067
Last Updated: 03/16/2025 13:03
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