Spartanburg Investment Analysis

Investment Property in Spartanburg, SC

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Spartanburg, SC Real Estate Investment Performance

PROPERTY SALE PRICE

$236,887

Median

1,938

Avg/Sq.ft.
CASH ON CASH RETURN

6.00%

Traditional

3.00%

Airbnb
NUMBER OF PROPERTIES

371

Investment

721

Airbnb

33

Traditional

28%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

112

Number of homes sold

41

Median days on market

97%

Average sale-to-list price ratio

41%

Percentage of listings with price drops

371

Active listings count

188

New listings count

6.0

Months of supply

Spartanburg, SC Properties Rental Prices

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Investment Properties for Sale in Spartanburg, SC

Investment Properties for Sale
$115,000
MLS 342351
Historic Beaumont Village
Other
3 beds 1 baths 1,557 sq.ft.
CAP RATE Trad. 9.24% Airbnb 9.72%
Investment Properties for Sale
$110,000
MLS 338248
Duncan Park
Single Family Residential
3 beds 1 baths 975 sq.ft.
CAP RATE Trad. 8.22% Airbnb 9.43%
Investment Properties for Sale
$150,000
MLS 342294
Hillcrest
Single Family Residential
3 beds 2 baths 1,485 sq.ft.
CAP RATE Trad. 11.12% Airbnb 8.98%
Investment Properties for Sale
$150,000
MLS 342738
Duncan Park
Manufactured Home
3 beds 2 baths 1,216 sq.ft.
CAP RATE Trad. 9.63% Airbnb 8.45%
Investment Properties for Sale
$99,900
MLS 339440
Washington Heights
Single Family Residential
3 beds 1 baths 1,036 sq.ft.
CAP RATE Trad. 11.89% Airbnb 8.54%
Investment Properties for Sale
$164,900
MLS 339627
Hillcrest
Manufactured Home
3 beds 2 baths 1,320 sq.ft.
CAP RATE Trad. 8.10% Airbnb 7.87%
Investment Properties for Sale
$97,900
MLS 1595915
Saxon
Condo/Coop
2 beds 2 baths 992 sq.ft.
CAP RATE Trad. 10.96% Airbnb 7.72%
Investment Properties for Sale
$159,750
MLS 342987
Hillcrest
Single Family Residential
3 beds 1 baths 1,232 sq.ft.
CAP RATE Trad. 7.68% Airbnb 7.48%

Single Family Houses for Sale in Spartanburg, SC

Investment Properties for Sale
$110,000
MLS 338248
Duncan Park
Single Family Residential
3 beds 1 baths 975 sq.ft.
CAP RATE Trad. 8.22% Airbnb 9.43%
Investment Properties for Sale
$150,000
MLS 342294
Hillcrest
Single Family Residential
3 beds 2 baths 1,485 sq.ft.
CAP RATE Trad. 11.12% Airbnb 8.98%
Investment Properties for Sale
$99,900
MLS 339440
Washington Heights
Single Family Residential
3 beds 1 baths 1,036 sq.ft.
CAP RATE Trad. 11.89% Airbnb 8.54%
Investment Properties for Sale
$159,750
MLS 342987
Hillcrest
Single Family Residential
3 beds 1 baths 1,232 sq.ft.
CAP RATE Trad. 7.68% Airbnb 7.48%
Investment Properties for Sale
$99,000
MLS 341320
Forest Park
Single Family Residential
3 beds 1 baths 850 sq.ft.
CAP RATE Trad. 11.63% Airbnb 7.57%
Investment Properties for Sale
$169,000
MLS 1608822
Duncan Park
Single Family Residential
3 beds 2 baths 1,074 sq.ft.
CAP RATE Trad. 7.03% Airbnb 6.78%
Investment Properties for Sale
$129,900
MLS 4433142
Duncan Park
Single Family Residential
3 beds 2 baths 1,400 sq.ft.
CAP RATE Trad. 9.52% Airbnb 6.54%
Investment Properties for Sale
$129,900
MLS 1604216
Saxon
Single Family Residential
2 beds 1 baths 1,010 sq.ft.
CAP RATE Trad. 8.94% Airbnb 6.20%

Multi Family Houses for sale in Spartanburg, SC

Investment Properties for Sale
$144,900
MLS 334928
Downtown
Multi Family
2 beds 2 baths 1,245 sq.ft.
CAP RATE Trad. 5.17% Airbnb 4.18%
Investment Properties for Sale
$258,000
MLS 341676
Duncan Park
Multi Family
4 beds 2 baths 1,400 sq.ft.
CAP RATE Trad. 5.07% Airbnb 3.88%
Investment Properties for Sale
$168,000
MLS 1601668
Forest Park
Multi Family
4 beds 2 baths N/A sq.ft.
CAP RATE Trad. 9.12% Airbnb 3.88%
Investment Properties for Sale
$249,900
MLS 338257
Washington Heights
Multi Family
4 beds 4 baths 2,700 sq.ft.
CAP RATE Trad. 9.77% Airbnb 2.03%
Investment Properties for Sale
$404,900
MLS 337720
Valley Falls
Multi Family
N/A beds N/A baths 2,356 sq.ft.
CAP RATE Trad. 2.49% Airbnb 1.66%
Investment Properties for Sale
$310,000
MLS 1597983
Saxon
Multi Family
4 beds 2 baths N/A sq.ft.
CAP RATE Trad. 2.97% Airbnb 1.39%
Investment Properties for Sale
$469,900
MLS 340221
Valley Falls
Multi Family
N/A beds N/A baths 2,986 sq.ft.
CAP RATE Trad. 1.89% Airbnb 1.31%
Investment Properties for Sale
$279,900
MLS 340275
Washington Heights
Multi Family
4 beds 2 baths N/A sq.ft.
CAP RATE Trad. 0.27% Airbnb 0.66%

Condos for Sale in Spartanburg, SC

Investment Properties for Sale
$97,900
MLS 1595915
Saxon
Condo/Coop
2 beds 2 baths 992 sq.ft.
CAP RATE Trad. 10.96% Airbnb 7.72%
Investment Properties for Sale
$97,900
MLS 338805
Saxon
Condo/Coop
2 beds 2 baths 992 sq.ft.
CAP RATE Trad. 7.15% Airbnb 7.48%
Investment Properties for Sale
$175,000
MLS 335336
Hillcrest
Condo/Coop
3 beds 3 baths 1,647 sq.ft.
CAP RATE Trad. 6.60% Airbnb 5.79%
Investment Properties for Sale
$162,000
MLS 338444
Hillcrest
Condo/Coop
3 beds 3 baths 1,876 sq.ft.
CAP RATE Trad. 7.26% Airbnb 5.77%
Investment Properties for Sale
$129,999
MLS 1606963
Saxon
Condo/Coop
2 beds 2 baths 888 sq.ft.
CAP RATE Trad. 8.74% Airbnb 5.71%
Investment Properties for Sale
$120,000
MLS 334971
Saxon
Condo/Coop
3 beds 3 baths 1,298 sq.ft.
CAP RATE Trad. 11.71% Airbnb 5.14%
Investment Properties for Sale
$215,000
MLS 343361
Downtown
Condo/Coop
1 beds 1 baths 750 sq.ft.
CAP RATE Trad. 2.83% Airbnb 1.68%
Investment Properties for Sale
$229,000
MLS 342338
Downtown
Condo/Coop
1 beds 1 baths 821 sq.ft.
CAP RATE Trad. 4.20% Airbnb 1.62%

Townhouses for Sale in Spartanburg, SC

Investment Properties for Sale
$174,000
MLS 339163
Historic Beaumont Village
Townhouse
3 beds 3 baths 1,518 sq.ft.
CAP RATE Trad. 10.54% Airbnb 7.42%
Investment Properties for Sale
$149,900
MLS 342380
Hillcrest
Townhouse
3 beds 3 baths 1,650 sq.ft.
CAP RATE Trad. 9.82% Airbnb 7.39%
Investment Properties for Sale
$164,000
MLS 1598232
Duncan Park
Townhouse
3 beds 3 baths 1,469 sq.ft.
CAP RATE Trad. 9.66% Airbnb 7.17%
Investment Properties for Sale
$180,000
MLS 341203
Historic Beaumont Village
Townhouse
3 beds 3 baths 1,518 sq.ft.
CAP RATE Trad. 10.14% Airbnb 7.12%
Investment Properties for Sale
$174,900
MLS 1603007
Hillcrest
Townhouse
3 beds 3 baths 1,523 sq.ft.
CAP RATE Trad. 8.86% Airbnb 7.01%
Investment Properties for Sale
$189,000
MLS 1598107
Historic Beaumont Village
Townhouse
3 beds 3 baths 1,518 sq.ft.
CAP RATE Trad. 9.59% Airbnb 6.70%
Investment Properties for Sale
$177,888
MLS 340594
Converse Heights
Townhouse
3 beds 3 baths 1,402 sq.ft.
CAP RATE Trad. 9.17% Airbnb 6.67%
Investment Properties for Sale
$179,888
MLS 338286
Converse Heights
Townhouse
3 beds 3 baths 1,402 sq.ft.
CAP RATE Trad. 8.99% Airbnb 6.58%

Top Spartanburg, SC Neighborhoods - Real Estate Market Analysis

Forest Park
PROPERTY PRICE

$269,999

Median for city
CAP RATE

5.27%

Traditional

7.80%

Airbnb
RENTAL INCOME

$ 1,112

Traditional

$ 1,745

Airbnb
 

59%

Airbnb occupancy rate
Hillcrest
PROPERTY PRICE

$269,999

Median for city
CAP RATE

4.03%

Traditional

5.52%

Airbnb
RENTAL INCOME

$ 1,988

Traditional

$ 1,767

Airbnb
 

50%

Airbnb occupancy rate
Historic Beaumont Village
PROPERTY PRICE

$269,999

Median for city
CAP RATE

3.07%

Traditional

3.47%

Airbnb
RENTAL INCOME

$ 1,115

Traditional

$ 1,682

Airbnb
 

54%

Airbnb occupancy rate
Southern Shops
PROPERTY PRICE

$269,999

Median for city
CAP RATE

5.06%

Traditional

3.97%

Airbnb
RENTAL INCOME

$ 1,180

Traditional

$ 2,115

Airbnb
 

54%

Airbnb occupancy rate
Washington Heights
PROPERTY PRICE

$269,999

Median for city
CAP RATE

3.37%

Traditional

4.95%

Airbnb
RENTAL INCOME

$ 1,077

Traditional

$ 1,656

Airbnb
 

55%

Airbnb occupancy rate
South Converse
PROPERTY PRICE

$269,999

Median for city
CAP RATE

5.65%

Traditional

6.98%

Airbnb
RENTAL INCOME

$ 1,152

Traditional

$ 1,704

Airbnb
 

55%

Airbnb occupancy rate
Hampton Heights
PROPERTY PRICE

$269,999

Median for city
CAP RATE

4.00%

Traditional

3.97%

Airbnb
RENTAL INCOME

$ 1,152

Traditional

$ 1,681

Airbnb
 

56%

Airbnb occupancy rate
Duncan Park
PROPERTY PRICE

$269,999

Median for city
CAP RATE

3.98%

Traditional

4.82%

Airbnb
RENTAL INCOME

$ 1,264

Traditional

$ 1,645

Airbnb
 

53%

Airbnb occupancy rate
Converse Heights
PROPERTY PRICE

$269,999

Median for city
CAP RATE

1.15%

Traditional

2.04%

Airbnb
RENTAL INCOME

$ 1,219

Traditional

$ 1,648

Airbnb
 

54%

Airbnb occupancy rate
Valley Falls
PROPERTY PRICE

$269,999

Median for city
CAP RATE

5.59%

Traditional

3.54%

Airbnb
RENTAL INCOME

$ 1,193

Traditional

$ 1,882

Airbnb
 

41%

Airbnb occupancy rate

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Airbnb Vacation Rentals in Spartanburg, SC

The Cottage in Spartanburg
$80 per night Airbnb occupancy rate 73%
Entire guesthouse 1 · 1 · 2
Rental Income: $1,784 per month
4.99
494
Clean & Affordable 3BR House in Dwntwn Spartanburg
$136 per night Airbnb occupancy rate 21%
House 3 · 1 · 6
Rental Income: $884 per month
4.77
446
Guest Favorite - Walkable to all of Downtown
$217 per night Airbnb occupancy rate 40%
Townhouse 2 · 5 · 7
Rental Income: $2,658 per month
4.98
324
Downtown 1930s 2 BR home - free cancellations
$100 per night Airbnb occupancy rate 61%
Townhouse 2 · 1 · 4
Rental Income: $1,858 per month
4.81
315
Charming Teal House in downtown Spartanburg
$169 per night Airbnb occupancy rate 18%
House 3 · 2 · 8
Rental Income: $930 per month
4.9
293
Downtown Spartanburg - Morgan Square Apartment
$209 per night Airbnb occupancy rate 43%
Apartment 1 · 1 · 3
Rental Income: $2,734 per month
4.85
285
Featured in Spartanburg Magazine
$104 per night Airbnb occupancy rate 33%
Apartment 1 · 1 · 2
Rental Income: $1,049 per month
4.97
256
Colorful Downtown Historic Shingle 2BR Free Cancel
$111 per night Airbnb occupancy rate 44%
Townhouse 2 · 5 · 6
Rental Income: $1,499 per month
4.82
210

Real Estate Investment Analysis - Other Cities in south carolina

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Myrtle Beach $289,000 3% 1% $1,637 $1,376 2,208 23%
Aiken $340,000 5% 3% $2,216 $2,104 758 28%
Columbia $249,900 6% 4% $1,884 $2,028 693 32%
Anderson $285,000 5% 4% $2,006 $1,993 499 26%
Beaufort $475,000 3% 1% $2,128 $1,875 463 29%
Sumter $269,250 7% 3% $2,065 $1,372 442 28%
North Augusta $335,000 5% 1% $2,100 $1,093 431 19%
View all south carolina cities
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