2854 Park PlFlorenceSC29505
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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 2854 Park Pl, Florence, SC, 29505 offers a 10.53% rental yield on a $144,500 purchase with $1,268/mo rent. Total monthly income registers $1,268/mo, and a $707/mo payment leaves $408/mo available for distribution. Annual cash flow reaches $4,897/yr on $47,902 to close, and return on cash invested stands at 30.13% in year one. Equity gained on principal adds $932/yr while 5% annual appreciation supports $39,923 over five years. Portfolio math shows five-year ROI at 157.44% and total cumulative return in cash at $75,415. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,268/mo property income against a $707/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
6,534 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: Daniel Broach • Re/max Professionals
Mls Name: Pee Dee Realtor Association
Mls ID: #2600385