100 SPRUCE ST

GAFFNEY, SC 29340
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2 bd, 1 ba | 1,042 sqft | Built in 1930

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List Price
$150,000

Initial Investment

$40,875

Purchase Price

$150,000

Down Payment

25%

Rent

$1,170

Total Return

$77,951

Annualized Return

24.3%

Cap Rate

6.2%

Gross Yield

9.4%

Cash Flow

$528

Appreciation

8.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,583

HOA

None

Flood Risk

Not Required

This Darling Cottage in down town Gaffney is minutes from the Historical area, Gaffney Middle school, Gaffney city Fire and Police department, Gaffney hospital and several near by places to shop and eat! Completely remodeled, this home features brand new HVAC, brand new windows, new floor coverings, renovated bathroom, fresh paint throughout, all new fixtures, there is NO popcorn ceilings and NO carpet! The covered porch is going to be your favorite place to have coffee and watch the birds, but the back yard is fenced too so the fur babies can enjoy the outdoors as well! This home qualifies for special financing and appliances can be installed before closing!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Chris deTreville
Auben Realty, LLC
GA Agent License #64566

Annual Financial Highlights

Expected Rent

$13,338

Expenses

-$2,556

Property Taxes

-$2,100

Loan Payments

-$8,155

Net Cash Flow

$528

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Similar Listings



Listing Courtesy of:Charm Ellis
Agent License 98763
Keller Williams Realty
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceSpartanburg MLS
MLS #322435
Last Updated: 04/14/2025 01:04
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