113 Lincoln DrGaffneySC29341
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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 Gaffney at 113 Lincoln Dr, Gaffney, SC, 29341 uses $61,294 cash to close to unlock $5,680/yr annual cash flow and $473/mo monthly cash flow. Total monthly income runs $1,574/mo, and a $905/mo payment keeps the spread at $473/mo. Purchase price stands at $184,900, and rental yield measures 10.22% with $1,574/mo rent. Return on cash invested shows 29.18% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 152.27% and total cumulative return in cash records $93,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,574/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1969
10,454 sqft 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: Ruston Williams • Century 21 Blackwell & Co
Mls Name: SAR
Mls ID: #330260