2315 Cherokee AveGaffneySC29340
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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 2315 Cherokee Ave, Gaffney, SC, 29340 earns $430/mo cash flow from $1,144/mo rent with a $587/mo payment. Total monthly income totals $1,144/mo, and annual cash flow totals $5,161/yr on $39,747 capital. ROI tracks 32.89% on current figures, and rental yield reads 11.45% at a $119,900 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 over five years. Five-year ROI reaches 172.27% and total cumulative return in cash sums $68,472. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,144/mo property income instead of your personal income.
Single Family
Built in 1942
0.32 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: John Wall • JOHN WALL & ASSOCIATES REALTY
Mls Name: SAR
Mls Provider:
Mls ID: #325570
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.