3109 Plantation Dr #A/BFlorenceSC29505
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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 3109 Plantation Dr #A/B, Florence, SC, 29505 priced at $164,000 converts $1,326/mo rent into $349/mo cash flow after a $803/mo obligation. Total monthly income equals $1,326/mo, and annual cash flow totals $4,193/yr on $54,366 invested. Return on cash invested prints 27.62% in year one, and rental yield reads 9.7% against a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation compiles into $45,310 by year five. Five-year ROI reaches 143.93% and total cumulative return in cash sums $78,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,326/mo property income covering a $803/mo payment, not borrower’s personal income.
Multi Family
Built in 1978
N/A 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: Mack Bryant • Transcendent Real Estate Group
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20242882
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.