375 Ellis Ferry RdGaffneySC29341
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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 375 Ellis Ferry Rd, Gaffney, SC, 29341 offers $2,233/mo rent that, after a $1,262/mo payment, leaves $698/mo cash flow. Total monthly income is $2,233/mo, and annual cash flow is $8,378/yr on $85,461 cash. Return on cash invested measures 29.71% in year one, and rental yield stands at 10.39% at a $257,800 entry. Equity gained on principal adds $1,664/yr while 5% annual appreciation compounds into $71,225 by year five. Five-year ROI records 155.14% and total cumulative return in cash reaches $132,587. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,233/mo property income versus a $1,262/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29341, Gaffney, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,288 (100%) |
| Owner Occupied HU | 5,879 (63.3%) |
| Renter Occupied HU | 2,668 (28.7%) |
| Vacant Housing Units | 741 ( 8.0%) |
| Median Home Value | $213,329 |
| Average Home Value | $248,110 |
Housing Distribution
Address Breakdown
Residential
8,982
Single Family
7,948
Multi-Family
1,034
Businesses
683
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Listed by: Chemikia T Johnson • Grei Realty, LLC
Mls Name: Aiken MLS
Mls ID: #220398