111 Ridgeway RdGaffneySC29340
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gaffney at 111 Ridgeway Rd, Gaffney, SC, 29340 at $239,900 posts ROI 30.02% with $670/mo cash flow from $2,098/mo rent. Total monthly income equals $2,098/mo, and annual cash flow records $8,041/yr on $79,527 to close. Return on cash invested measures 30.02% and rental yield reads 10.49% at the current $239,900. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 by year five. Five-year ROI prints 156.8% and total cumulative return in cash totals $124,699.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,098/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
0.58 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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Nearby investment properties with comparable prices
Listed by: Shirley Tillinghast • John Wall & Associates
Mls Name: Cherokee County BOR
Mls ID: #33031
Disclaimer: Copyright Cherokee County MLS Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.