1002 Romsey PlFlorenceSC29501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Florence at 1002 Romsey Pl, Florence, SC, 29501 offers $2,539/mo rent that, after a $1,835/mo payment, leaves $307/mo cash flow. Total monthly income is $2,539/mo, and annual cash flow is $3,686/yr on $124,313 cash. Return on cash invested measures 22.87% in year one, and rental yield stands at 8.12% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 118.47% and total cumulative return in cash reaches $147,267. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,539/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29501, Florence, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,851 (100%) |
| Owner Occupied HU | 13,035 (59.7%) |
| Renter Occupied HU | 6,838 (31.3%) |
| Vacant Housing Units | 1,978 ( 9.1%) |
| Median Home Value | $264,758 |
| Average Home Value | $289,616 |
Housing Distribution
Address Breakdown
Residential
21,452
Single Family
19,917
Multi-Family
1,535
Businesses
2,032
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tom Snyder • Era Leatherman Realty, Inc.
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20251876
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.