409 Winchester DrGaffneySC29341
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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 409 Winchester Dr, Gaffney, SC, 29341 offers a 11.62% rental yield on a $169,000 purchase with $1,636/mo rent. Total monthly income registers $1,636/mo, and a $827/mo payment leaves $630/mo available for distribution. Annual cash flow reaches $7,562/yr on $56,024 to close, and return on cash invested stands at 33.41% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 174.99% and total cumulative return in cash at $98,035. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,636/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.33 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: Davis Dickson BIC • Re/Max Solutions
Mls Name: Cherokee County BOR
Mls ID: #33314