1116 Reb LnFlorenceSC29506
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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 1116 Reb Ln, Florence, SC, 29506 uses $53,040 cash to close to unlock $6,732/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $783/mo payment keeps the spread at $561/mo. Purchase price stands at $160,000, and rental yield measures 12.15% with $1,620/mo rent. Return on cash invested shows 32.6% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 171.45% and total cumulative return in cash records $90,938. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29506, Florence, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,849 (100%) |
| Owner Occupied HU | 4,618 (52.2%) |
| Renter Occupied HU | 3,004 (33.9%) |
| Vacant Housing Units | 1,227 (13.9%) |
| Median Home Value | $141,365 |
| Average Home Value | $217,423 |
Housing Distribution
Address Breakdown
Residential
8,295
Single Family
7,589
Multi-Family
706
Businesses
597
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Listed by: Brian Rodgers • Northgroup Real Estate Llc
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20241525
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.