1224 Gregg 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
Investment property for sale in Florence at 1224 Gregg Ave, Florence, SC, 29501 uses $49,692 cash to close to unlock $3,088/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $1,150/mo, and a $734/mo payment keeps the spread at $257/mo. Purchase price stands at $149,900, and rental yield measures 9.21% with $1,150/mo rent. Return on cash invested shows 26.12% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 135.93% and total cumulative return in cash records $67,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,150/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1936
9,583 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: Shelley Johnson • Re/max Professionals
Mls Name: Pee Dee Realtor Association
Mls ID: #20253786