1008 Gagmon DrWellfordSC29385
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Wellford at 1008 Gagmon Dr, Wellford, SC, 29385 uses $81,052 cash to close to unlock $7,863/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $2,111/mo, and a $1,197/mo payment keeps the spread at $655/mo. Purchase price stands at $244,500, and rental yield measures 10.36% with $2,111/mo rent. Return on cash invested shows 29.61% in year one, and 5% annual appreciation builds toward $67,551 over five years. Five-year ROI reaches 154.6% and total cumulative return in cash records $125,303. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,111/mo property income covering a $1,197/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29385, Wellford, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,022 (100%) |
| Owner Occupied HU | 2,850 (70.9%) |
| Renter Occupied HU | 799 (19.9%) |
| Vacant Housing Units | 373 ( 9.3%) |
| Median Home Value | $242,413 |
| Average Home Value | $274,051 |
Housing Distribution
Address Breakdown
Residential
3,821
Single Family
3,821
Multi-Family
0
Businesses
144
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Listed by: Akande Ith Smith • D.R. Horton
Mls Name: SAR
Mls Provider:
Mls ID: #313663
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.