1102 Elmore StGaffneySC29340
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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
Rental property for sale in Gaffney at 1102 Elmore St, Gaffney, SC, 29340 priced at $212,500 pairs $1,638/mo rent with $255/mo cash flow after a $1,040/mo payment. Total monthly income equals $1,638/mo, and annual cash flow comes to $3,056/yr on $70,444 invested. Return on cash invested is 24.25% in year one, and rental yield stands at 9.25% on a $212,500 basis. Equity gained on principal adds $1,371/yr, and 5% annual appreciation accumulates to $58,710 by year five. Five-year ROI measures 126.55% and total cumulative return in cash reaches $89,144. For financing, Ziffy Mortgage’s DSCR program evaluates $1,638/mo property income against a $1,040/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29340, Gaffney, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,023 (100%) |
| Owner Occupied HU | 5,729 (63.5%) |
| Renter Occupied HU | 2,264 (25.1%) |
| Vacant Housing Units | 1,030 (11.4%) |
| Median Home Value | $142,777 |
| Average Home Value | $198,254 |
Housing Distribution
Address Breakdown
Residential
8,544
Single Family
8,544
Multi-Family
0
Businesses
442
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Listed by: Walden Lacey • Keller Williams Greenville Central
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1547543
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.