1216 Waverly AveFlorenceSC29501
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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 1216 Waverly Ave, Florence, SC, 29501 priced at $125,000 converts $1,194/mo rent into $450/mo cash flow after a $612/mo obligation. Total monthly income equals $1,194/mo, and annual cash flow totals $5,397/yr on $41,438 invested. Return on cash invested prints 32.93% in year one, and rental yield reads 11.46% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 172.41% and total cumulative return in cash sums $71,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,194/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1953
9,147 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
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Listed by: Thomas Langan • Exp Realty Greyfeather Group
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20243761
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