309 Park AveFlorenceSC29501
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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 309 Park Ave, Florence, SC, 29501 generates $1,830/mo in rent and, after a $1,144/mo payment, leaves $439/mo in cash flow. Total monthly income is $1,830/mo, and annual cash flow is $5,263/yr on $77,505 invested. Return on cash invested sits at 26.7% in year one, and rental yield is 9.39% on a $233,800 entry. Equity gained on principal adds $1,509/yr, while 5% annual appreciation builds toward $64,595 over five years. Five-year ROI reaches 138.96% and total cumulative return in cash sums $107,700. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,830/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
0.27 Acres lot
$N/A/sqft
No 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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