1350 Damon Dr APT BFlorenceSC29505
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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 1350 Damon Dr APT B, Florence, SC, 29505 offers a 9.28% rental yield on a $150,000 purchase with $1,160/mo rent. Total monthly income registers $1,160/mo, and a $734/mo payment leaves $267/mo available for distribution. Annual cash flow reaches $3,207/yr on $49,725 to close, and return on cash invested stands at 26.36% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 137.21% and total cumulative return in cash at $68,226. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,160/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
435.60 sqft 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: Timothy Yates • Assist 2 Sell, Buyers & Seller
Mls Name: Pee Dee Realtor Association
Mls ID: #20254747