113 Illinois CirGaffneySC29341
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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 113 Illinois Cir, Gaffney, SC, 29341 generates $1,476/mo in rent and, after a $832/mo payment, leaves $464/mo in cash flow. Total monthly income is $1,476/mo, and annual cash flow is $5,569/yr on $56,355 invested. Return on cash invested sits at 29.79% in year one, and rental yield is 10.42% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 155.61% and total cumulative return in cash sums $87,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,476/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29341, Gaffney, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,288 (100%) |
| Owner Occupied HU | 5,879 (63.3%) |
| Renter Occupied HU | 2,668 (28.7%) |
| Vacant Housing Units | 741 ( 8.0%) |
| Median Home Value | $213,329 |
| Average Home Value | $248,110 |
Housing Distribution
Address Breakdown
Residential
8,982
Single Family
7,948
Multi-Family
1,034
Businesses
683
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Listed by: Keyla Land Woods • Belle Realty and Associates
Mls Name: SAR
Mls ID: #328069