1002 E Candy LnFlorenceSC29505
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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
Investment property for sale in Florence at 1002 E Candy Ln, Florence, SC, 29505 with 5% annual appreciation on a $179,900 basis while $1,394/mo rent supports operations. Total monthly income totals $1,394/mo and a $881/mo payment preserves $323/mo for cash returns. Annual cash flow comes to $3,871/yr on $59,637 deployed, and return on cash invested reaches 26.4% in year one. Equity gained on principal adds $1,161/yr, and five-year appreciation sums $49,703 alongside rental yield of 9.3%. Five-year ROI measures 137.39% and total cumulative return in cash totals $81,933.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,394/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29505, Florence, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,108 (100%) |
| Owner Occupied HU | 7,572 (68.2%) |
| Renter Occupied HU | 2,799 (25.2%) |
| Vacant Housing Units | 737 ( 6.6%) |
| Median Home Value | $208,918 |
| Average Home Value | $232,601 |
Housing Distribution
Address Breakdown
Residential
10,829
Single Family
9,867
Multi-Family
962
Businesses
558
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Listed by: Fadi Rishmawi • Crosson & Co Real Estate Brokered By Exp Realty
Mls Name: Pee Dee Realtor Association
Mls ID: #20251136