3017 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 3017 Cherokee Ave, Gaffney, SC, 29340 offers a 7.86% rental yield on a $264,900 purchase with $1,736/mo rent. Total monthly income registers $1,736/mo, and a $1,297/mo payment leaves $159/mo available for distribution. Annual cash flow reaches $1,904/yr on $87,814 to close, and return on cash invested stands at 22.08% in year one. Equity gained on principal adds $1,709/yr while 5% annual appreciation supports $73,187 over five years. Portfolio math shows five-year ROI at 114.18% and total cumulative return in cash at $100,268. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,736/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.42 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: Danielle Drag • Rawls Realty. Inc.
Mls Name: Greater Greenville AOR
Mls ID: #1574212