3217 Union HwyGaffneySC29340
Nearby investment properties with comparable rents
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 3217 Union Hwy, Gaffney, SC, 29340 offers $804/mo rent that, after a $489/mo payment, leaves $194/mo cash flow. Total monthly income is $804/mo, and annual cash flow is $2,333/yr on $33,150 cash. Return on cash invested measures 26.95% in year one, and rental yield stands at 9.65% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 140.54% and total cumulative return in cash reaches $46,588. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $804/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 60
2.52 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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Nearby investment properties with comparable prices
Listed by: Elizabeth Barnhill, BIC • Em Barnhill Real Estate
Mls Name: Cherokee County BOR
Mls ID: #33073
Disclaimer: Copyright Cherokee County MLS Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.