308 Springwood DrGaffneySC29340
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Nearby investment properties with comparable prices
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 308 Springwood Dr, Gaffney, SC, 29340 priced at $224,000 pairs $1,727/mo rent with $394/mo cash flow after a $1,096/mo payment. Total monthly income equals $1,727/mo, and annual cash flow comes to $4,727/yr on $74,256 invested. Return on cash invested is 26.28% in year one, and rental yield stands at 9.25% on a $224,000 basis. Equity gained on principal adds $1,445/yr, and 5% annual appreciation accumulates to $61,887 by year five. Five-year ROI measures 136.66% and total cumulative return in cash reaches $101,479. For financing, Ziffy Mortgage’s DSCR program evaluates $1,727/mo property income against a $1,096/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.31 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: Lorrie Martin • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4300109