416 Shalimar 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
Rental property for sale in Gaffney at 416 Shalimar Dr, Gaffney, SC, 29341 priced at $279,900 pairs $2,741/mo rent with $1,075/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,741/mo, and annual cash flow comes to $12,897/yr on $92,787 invested. Return on cash invested is 33.81% in year one, and rental yield stands at 11.75% on a $279,900 basis. Equity gained on principal adds $1,806/yr, and 5% annual appreciation accumulates to $77,331 by year five. Five-year ROI measures 177.07% and total cumulative return in cash reaches $164,293. For financing, Ziffy Mortgage’s DSCR program evaluates $2,741/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.63 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: Cassidy Holman • Coldwell Banker Caine Real Est
Mls Name: SAR
Mls ID: #330113