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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Florence, SC
Listed for sale 2 days ago
$ 138,000
ROI
21.4
Cash Flow/m
65- 3 Bed
- 2 Bath
- 1165 sft
1360 Damon Dr APT B, Florence, SC, 29505
Listed for sale 5 days ago
$ 164,900
ROI
22.1Cash Flow/m
105- 2 Bed
- 2 Bath
- 1402 sft
1197G Waxwing Dr, Florence, SC, 29505
Listed for sale 5 days ago
$ 137,500
ROI
23.4Cash Flow/m
137- 2 Bed
- 2 Bath
- 1125 sft
1435 Golf Terrace Blvd APT 5, Florence, SC, 29501
Listed for sale 6 days ago
$ 139,900
ROI
20.6Cash Flow/m
32- 3 Bed
- 2 Bath
- 1176 sft
743 Coventry Ln APT A8, Florence, SC, 29501
Why Invest in Florence, South Carolina?
Florence, SC offers strong opportunities for condo investors seeking steady rental income in a growing market. Affordable entry points around $220K median home values support solid cash flow potential. Renter-occupied housing exceeds 35%, driven by local employment and university demand. Annual appreciation of 3% and rental yields near 6% make condos attractive for long-term holds. Cap rates hover at 7%, bolstered by low vacancy and consistent demand.
8.5%
Avg. ROI
6.2%
Rental Yield
7.1%
Cap Rate
$450/mo
Avg. Cash Flow
$1439/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Yes, with average rents at $1,439 and 36% renter occupancy, condos generate strong yields around 6%. Low vacancy and university demand ensure consistent tenants. Appreciation of 3% adds long-term value.
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