Under $500K Investment Properties for Sale in Florence, SC
740- 3 Bed
- 2 Bath
- 1764 sft
556- 2 Bed
- 3 Bath
- 1210 sft
169- 4 Bed
- 3 Bath
- 1891 sft
231- 3 Bed
- 2 Bath
- 1474 sft
Why Invest in Florence, South Carolina?
Florence, SC offers strong investment opportunities in properties under $500k, with median home prices around $244k providing accessible entry points. Rental yields average 7-8% driven by steady demand and average rents near $1,400 monthly. Cap rates hover at 6-7% while appreciation has shown 2-4% annual growth recently. Renter-occupied housing at 35% supports reliable cash flow for investors targeting this price range. With 4.5 months of supply, the market balances well for both acquisition and rental strategies.
Frequently Asked Questions
Average ROI reaches 8-9% with rental yields around 7% and cap rates of 6.5%. Cash flow averages $400-500 monthly after expenses. Steady appreciation of 3% supports long-term holds.
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