205 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
Investment property for sale in Gaffney at 205 E 3rd St, Gaffney, SC, 29340 uses $51,349 cash to close to unlock $6,997/yr annual cash flow and $583/mo monthly cash flow. Total monthly income runs $1,505/mo, and a $758/mo payment keeps the spread at $583/mo. Purchase price stands at $154,900, and rental yield measures 11.66% with $1,505/mo rent. Return on cash invested shows 33.53% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 175.71% and total cumulative return in cash records $90,224. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,505/mo property income covering a $758/mo payment rather than investor’s personal income.
Single Family
Built in 1950
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: Lisa Mullinax • Bowers & Associates
Mls Name: SAR
Mls ID: #329426