156 E 3rd StGaffneySC29340
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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 156 E 3rd St, Gaffney, SC, 29340 priced at $204,900 converts $1,908/mo rent into $688/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,908/mo, and annual cash flow totals $8,258/yr on $67,924 invested. Return on cash invested prints 32.07% in year one, and rental yield reads 11.17% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 167.78% and total cumulative return in cash sums $113,962. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,908/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 2024
9,583 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: Kathy Klochko • Affinity Group Realty
Mls Name: SAR
Mls Provider:
Mls ID: #317967
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.