1212 Melrose AveFlorenceSC29505
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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 1212 Melrose Ave, Florence, SC, 29505 listed at $240,900 pairs $2,226/mo rent with a $1,179/mo payment to leave $526/mo cash flow. Total monthly income runs $2,226/mo, and annual cash flow reaches $6,318/yr on $79,858 cash to close. Return on cash invested measures 27.82% in year one, and rental yield registers 11.09% at a $240,900 basis. Equity gained on principal adds $1,554/yr, and annual property appreciation at 5% supports $66,556 by year five. Five-year ROI tracks 146.43% and total cumulative return in cash totals $116,937. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,226/mo property income relative to a $1,179/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.38 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: Amber Ward • Home Sales Of Florence
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20251360
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.