1238 Via Ponticello APT 2FlorenceSC29501
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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 1238 Via Ponticello APT 2, Florence, SC, 29501 uses $59,637 cash to close to unlock $4,363/yr annual cash flow and $364/mo monthly cash flow. Total monthly income runs $1,435/mo, and a $881/mo payment keeps the spread at $364/mo. Purchase price stands at $179,900, and rental yield measures 9.57% with $1,435/mo rent. Return on cash invested shows 27.23% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 141.79% and total cumulative return in cash records $84,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,435/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A 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: John DeBerry • Griggs, Floyd, And Grantham In
Mls Name: Pee Dee Realtor Association
Mls ID: #20252104