204 Henderson DrGaffneySC29340
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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 204 Henderson Dr, Gaffney, SC, 29340 uses $33,150 cash to close to unlock $9,194/yr annual cash flow and $766/mo monthly cash flow. Total monthly income runs $1,361/mo, and a $489/mo payment keeps the spread at $766/mo. Purchase price stands at $100,000, and rental yield measures 16.33% with $1,361/mo rent. Return on cash invested shows 47.64% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 251.41% and total cumulative return in cash records $83,344. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,361/mo property income covering a $489/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
3.04 Acres 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: Anna Workman • Blackstream International RE
Mls Name: SAR
Mls Provider:
Mls ID: #324783
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.