3609 Union HwyGaffneySC29340
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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
Rental property for sale in Gaffney at 3609 Union Hwy, Gaffney, SC, 29340 priced at $115,000 converts $1,019/mo rent into $334/mo cash flow after a $563/mo obligation. Total monthly income equals $1,019/mo, and annual cash flow totals $4,012/yr on $38,123 invested. Return on cash invested prints 30.43% in year one, and rental yield reads 10.63% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 159.08% and total cumulative return in cash sums $60,645. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,019/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 1996
0.86 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: Joshua Ramsey • Buice Realty, Inc.
Mls Name: SAR
Mls Provider:
Mls ID: #314679
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.