1114 3rd Loop Rd APT DFlorenceSC29505
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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
Rental property for sale in Florence at 1114 3rd Loop Rd APT D, Florence, SC, 29505 generates $1,136/mo in rent and, after a $709/mo payment, leaves $75/mo in cash flow. Total monthly income is $1,136/mo, and annual cash flow is $896/yr on $48,034 invested. Return on cash invested sits at 21.77% in year one, and rental yield is 9.41% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 114.39% and total cumulative return in cash sums $54,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,136/mo property income rather than buyer’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$199 monthly 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: Hayden F Harrington • The Harrington Company, Llc
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20251606
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