2028 Damon DrFlorenceSC29505
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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 2028 Damon Dr, Florence, SC, 29505 offers $3,199/mo rent that, after a $2,785/mo payment. Total monthly income is $3,199/mo. Return on cash invested measures 18.85% in year one, and rental yield stands at 6.75% at a $569,000 entry. Equity gained on principal adds $3,672/yr while 5% annual appreciation compounds into $157,204 by year five. Five-year ROI records 96.84% and total cumulative return in cash reaches $181,283. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,199/mo property income versus a $2,785/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.35 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
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Listed by: Crystal A White Stroud • My Real Estate Group,llc
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20250470
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.