304 Lakeshore DrGaffneySC29341
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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 304 Lakeshore Dr, Gaffney, SC, 29341 with 5% annual appreciation on a $179,900 basis while $1,285/mo rent supports operations. Total monthly income totals $1,285/mo and a $881/mo payment preserves $116/mo for cash returns. Annual cash flow comes to $1,398/yr on $59,637 deployed, and return on cash invested reaches 22.25% in year one. Equity gained on principal adds $1,161/yr, and five-year appreciation sums $49,703 alongside rental yield of 8.57%. Five-year ROI measures 115.88% and total cumulative return in cash totals $69,105.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,285/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.49 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: April Bridges • Ponce Realty Group
Mls Name: Cherokee County BOR
Mls ID: #33190
Disclaimer: Copyright Cherokee County MLS Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.