530 E Rutledge AveGaffneySC29340
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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 530 E Rutledge Ave, Gaffney, SC, 29340 with 5% annual appreciation on a $680,000 basis while $2,807/mo rent supports operations. 41% in year one. Equity gained on principal adds $4,388/yr, and five-year appreciation sums $187,871 alongside rental yield of 4.95%. Five-year ROI measures 67.63% and total cumulative return in cash totals $151,296. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,807/mo property income versus a $3,328/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1905
0.93 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: Kim Alter • Keller Williams Connected
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326227