947 River 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 947 River Dr, Gaffney, SC, 29340 priced at $169,900 converts $1,590/mo rent into $519/mo cash flow after a $832/mo obligation. Total monthly income equals $1,590/mo, and annual cash flow totals $6,223/yr on $56,322 invested. Return on cash invested prints 30.96% in year one, and rental yield reads 11.23% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 162.29% and total cumulative return in cash sums $91,406. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,590/mo property income covering a $832/mo payment, not borrower’s personal income.
Manufactured
Built in 2015
6.12 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: Rupesh Patel • EXP REALTY, LLC
Mls Name: SAR
Mls Provider:
Mls ID: #319748
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.