185 Millies 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
Rental property for sale in Gaffney at 185 Millies Rd, Gaffney, SC, 29341 offers $1,074/mo rent that, after a $665/mo payment, leaves $265/mo cash flow. Total monthly income is $1,074/mo, and annual cash flow is $3,182/yr on $45,051 cash. Return on cash invested measures 26.97% in year one, and rental yield stands at 9.48% at a $135,900 entry. Equity gained on principal adds $877/yr while 5% annual appreciation compounds into $37,547 by year five. Five-year ROI records 140.5% and total cumulative return in cash reaches $63,295. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,074/mo property income versus a $665/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
1.10 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: Kristen Sellars • R. M. DUNCAN REALTY, INC
Mls Name: SAR
Mls Provider:
Mls ID: #316872
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.