1903 Mercedes WayFlorenceSC29506
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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 1903 Mercedes Way, Florence, SC, 29506 generates $1,586/mo in rent and, after a $978/mo payment, leaves $396/mo in cash flow. Total monthly income is $1,586/mo, and annual cash flow is $4,757/yr on $66,267 invested. Return on cash invested sits at 27.09% in year one, and rental yield is 9.52% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 141.07% and total cumulative return in cash sums $93,481. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,586/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29506, Florence, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,849 (100%) |
| Owner Occupied HU | 4,618 (52.2%) |
| Renter Occupied HU | 3,004 (33.9%) |
| Vacant Housing Units | 1,227 (13.9%) |
| Median Home Value | $141,365 |
| Average Home Value | $217,423 |
Housing Distribution
Address Breakdown
Residential
8,295
Single Family
7,589
Multi-Family
706
Businesses
597
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Listed by: Scott R Earp • Re/max Professionals
Mls Name: Pee Dee Realtor Association
Mls ID: #20253884