405 Marion AveGaffneySC29341
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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
Investment property for sale in Gaffney at 405 Marion Ave, Gaffney, SC, 29341 uses $49,692 cash to close to unlock $5,104/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $1,318/mo, and a $734/mo payment keeps the spread at $425/mo. Purchase price stands at $149,900, and rental yield measures 10.55% with $1,318/mo rent. Return on cash invested shows 30.18% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 157.66% and total cumulative return in cash records $78,347. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,318/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1965
9,147 sqft 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: Barbara Jarman • Buice Realty, Inc.
Mls Name: SAR
Mls Provider:
Mls ID: #317537
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.