305 Providence Rd

Gaffney, SC 29341
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3 bd, 1 ba | 1,109 sqft | Built in 1950

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List Price
$164,900

Initial Investment

$44,935

Purchase Price

$164,900

Down Payment

25%

Rent

$950

Total Return

$66,355

Annualized Return

18.5%

Cap Rate

3.8%

Gross Yield

6.9%

Cash Flow

-$3,063

Appreciation

8.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

27,878

HOA

None

Flood Risk

Not Required

Charming & Fully Remodeled 3-Bedroom Home on a Corner Lot! This adorable home has been beautifully remodeled from top to bottom! Some of the brand new include roof, gutters, windows, flooring, paint, kitchen, bath, updated electrical and plumbing, doors, hot water heater and more. The brand new kitchen features a stylish center island, butcher block countertops, new cabinets, tile backsplash, and stainless steel appliances—including a refrigerator! The open floor plan boasts tall ceilings in the family room and a new electric and functional fireplace creating a warm and inviting space. The remodeled bathroom includes tile floors, tiled tub/shower surround, new vanity, and a spacious walk-in linen and clothes closet. All bedrooms are generously sized with tall ceilings. The primary suite offers a walk-in closet and a convenient stackable washer/dryer included. Step outside to enjoy the new back deck or covered front porch with fresh landscaping ideal for relaxing or entertaining. Plus there is a fully fenced yard and cross fenced with multiple gates perfect for pets and children. Situated on a corner lot, this property is just minutes from city amenities offering both convenience and comfort. Don’t miss out on this beautifully updated and move-in ready home—schedule your showing today!

See more in Analysis
Chris deTreville
Auben Realty, LLC
GA Agent License #64566

Annual Financial Highlights

Expected Rent

$10,830

Expenses

-$1,928

Property Taxes

-$3,000

Loan Payments

-$8,965

Net Cash Flow

-$3,063

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

Why choose?
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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Listing Courtesy of:
Buice Realty, Inc.
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceSpartanburg MLS
MLS #321277
Last Updated: 03/15/2025 18:03
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