118 Furnace Mill RdGaffneySC29341
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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 118 Furnace Mill Rd, Gaffney, SC, 29341 listed at $224,900 pairs $1,927/mo rent with a $1,101/mo payment to leave $588/mo cash flow. Total monthly income runs $1,927/mo, and annual cash flow reaches $7,056/yr on $74,554 cash to close. Return on cash invested measures 29.37% in year one, and rental yield registers 10.28% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 153.25% and total cumulative return in cash totals $114,253. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,927/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.88 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: Aaron Dobbins • Beyond Real Estate
Mls Name: SAR
Mls ID: #332656