216 W Claremont StGaffneySC29341
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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 216 W Claremont St, Gaffney, SC, 29341 priced at $140,000 pairs $1,762/mo rent with $929/mo cash flow after a $685/mo payment. Total monthly income equals $1,762/mo, and annual cash flow comes to $11,146/yr on $46,410 invested. Return on cash invested is 43.93% in year one, and rental yield stands at 15.1% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 231.33% and total cumulative return in cash reaches $107,362. For financing, Ziffy Mortgage’s DSCR program evaluates $1,762/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.37 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: Aundrea Allen-Brown • Keller Williams Grv Upst
Mls Name: Greater Greenville AOR
Mls Provider:
Mls ID: #1524557
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.