355 E Floyd Baker BlvdGaffneySC29340
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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 355 E Floyd Baker Blvd, Gaffney, SC, 29340 offers $1,080/mo rent that, after a $1,002/mo payment. Total monthly income is $1,080/mo. Return on cash invested measures 17.46% in year one, and rental yield stands at 6.33% at a $204,800 entry. Equity gained on principal adds $1,322/yr while 5% annual appreciation compounds into $56,582 by year five. Five-year ROI records 89.42% and total cumulative return in cash reaches $60,711. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $1,002/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,840 sqft 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: KATHY KLOCHKO • Affinity Group Realty
Mls Name: SAR
Mls ID: #328723