121 Pacolet HwyGaffneySC29340
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
Rental property for sale in Gaffney at 121 Pacolet Hwy, Gaffney, SC, 29340 priced at $159,900 converts $1,156/mo rent into $162/mo cash flow after a $783/mo obligation. Total monthly income equals $1,156/mo, and annual cash flow totals $1,938/yr on $53,007 invested. Return on cash invested prints 23.57% in year one, and rental yield reads 8.68% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 122.53% and total cumulative return in cash sums $64,950. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,156/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1950
8,276 sqft 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: Leslie Horne • LESLIE HORNE & ASSOCIATES
Mls Name: SAR
Mls Provider:
Mls ID: #325872
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.