302 E Nott 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 302 E Nott St, Gaffney, SC, 29340 with 5% annual appreciation on a $199,000 basis while $1,532/mo rent supports operations. Total monthly income totals $1,532/mo and a $974/mo payment preserves $347/mo for cash returns. Annual cash flow comes to $4,169/yr on $65,969 deployed, and return on cash invested reaches 26.23% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 9.24%. Five-year ROI measures 136.47% and total cumulative return in cash totals $90,030.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,532/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.54 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 FRAVEL • Keller Williams Realty
Mls Name: SAR
Mls ID: #328110