2516 W Andover RdFlorenceSC29501
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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 2516 W Andover Rd, Florence, SC, 29501 listed at $624,900 pairs $3,470/mo rent with a $3,059/mo payment. Total monthly income runs $3,470/mo. Return on cash invested measures 18.57% in year one, and rental yield registers 6.66% at a $624,900 basis. Equity gained on principal adds $4,032/yr, and annual property appreciation at 5% supports $172,648 by year five. Five-year ROI tracks 95.35% and total cumulative return in cash totals $196,037. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,470/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
0.63 Acres lot
$N/A/sqft
$55 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29501, Florence, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,851 (100%) |
| Owner Occupied HU | 13,035 (59.7%) |
| Renter Occupied HU | 6,838 (31.3%) |
| Vacant Housing Units | 1,978 ( 9.1%) |
| Median Home Value | $264,758 |
| Average Home Value | $289,616 |
Housing Distribution
Address Breakdown
Residential
21,452
Single Family
19,917
Multi-Family
1,535
Businesses
2,032
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Listed by: Robricco Porter • Coldwell Banker Mcmillan And Associates
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20253216
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