2502 Lakeview 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 2502 Lakeview Dr, Florence, SC, 29505 generates $2,387/mo in rent and, after a $1,272/mo payment, leaves $840/mo in cash flow. Total monthly income is $2,387/mo, and annual cash flow is $10,079/yr on $86,157 invested. Return on cash invested sits at 31.61% in year one, and rental yield is 11.02% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 165.27% and total cumulative return in cash sums $142,390. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,387/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.46 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: William G Adkins • Real Broker, Llc
Mls Name: Pee Dee Realtor Association
Mls ID: #20254450