2204 New Forrest 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
Investment property for sale in Florence at 2204 New Forrest Dr, Florence, SC, 29505 earns $395/mo cash flow from $2,294/mo rent with a $1,561/mo payment. Total monthly income totals $2,294/mo, and annual cash flow totals $4,745/yr on $105,749 capital. ROI tracks 24.4% on current figures, and rental yield reads 8.63% at a $319,000 purchase. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 over five years. Five-year ROI reaches 126.6% and total cumulative return in cash sums $133,873. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,294/mo property income instead of your personal income.
Single Family
Built in 2025
8,712 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: Angela Sanderson • Weichert Realtors - Freedom
Mls Name: Pee Dee Realtor Association
Mls ID: #20254534