419 Edgewater DrGaffneySC29340
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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 419 Edgewater Dr, Gaffney, SC, 29340 offers $1,888/mo rent that, after a $1,109/mo payment, leaves $539/mo cash flow. Total monthly income is $1,888/mo, and annual cash flow is $6,471/yr on $75,085 cash. Return on cash invested measures 28.53% in year one, and rental yield stands at 10% at a $226,500 entry. Equity gained on principal adds $1,462/yr while 5% annual appreciation compounds into $62,578 by year five. Five-year ROI records 148.79% and total cumulative return in cash reaches $111,720. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,888/mo property income versus a $1,109/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.89 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: Robin Duncan • R. M. DUNCAN REALTY, INC
Mls Name: SAR
Mls Provider:
Mls ID: #325700
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.