1831 Wax Myrtle DrFlorenceSC29501
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1831 Wax Myrtle Dr, Florence, SC, 29501 in Florence speaks for itself: 10.06% gross on a $275,000 price, generating $2,305/mo in rent and $668/mo in net income after the $1,237/mo debt service. DSCR 1.86, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,018 stacks alongside $75,977 in projected five-year appreciation and $2,533/yr in principal reduction. Projected total cumulative return: $146,955.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.5% |
| Monthly Cash Flow | $668 | $420 |
City averages based on Florence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,305 |
| Total Monthly Debt Service | $1,528 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2005
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda W Reynolds • Coldwell Banker Mcmillan And Associates
Mls Name: Pee Dee Realtor Association
Mls ID: #20253476