308 Union StGaffneySC29340
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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 Union St, Gaffney, SC, 29340 generates $2,624/mo in rent and, after a $1,640/mo payment, leaves $397/mo in cash flow. Total monthly income is $2,624/mo, and annual cash flow is $4,760/yr on $111,053 invested. Return on cash invested sits at 24.19% in year one, and rental yield is 9.4% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 126.43% and total cumulative return in cash sums $140,408. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,624/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
1.57 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: Carli Irvin • Bowers & Associates Real Estate
Mls Name: Cherokee County BOR
Mls ID: #33172
Disclaimer: Copyright Cherokee County MLS Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.