1921 Damon DrFlorenceSC29505
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
Investment Highlights
Investment property for sale in Florence at 1921 Damon Dr, Florence, SC, 29505 offers a 8.96% rental yield on a $369,000 purchase with $2,755/mo rent. Total monthly income registers $2,755/mo, and a $1,806/mo payment leaves $558/mo available for distribution. Annual cash flow reaches $6,702/yr on $122,324 to close, and return on cash invested stands at 25.39% in year one. Equity gained on principal adds $2,381/yr while 5% annual appreciation supports $101,948 over five years. Portfolio math shows five-year ROI at 131.92% and total cumulative return in cash at $161,367. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,755/mo property income against a $1,806/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.41 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven M Ateyeh • Exp Realty Llc
Mls Name: Pee Dee Realtor Association
Mls ID: #20252798