316 E Grace 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
Investment property for sale in Florence at 316 E Grace Dr, Florence, SC, 29505 uses $51,349 cash to close to unlock $1,942/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $1,229/mo, and a $758/mo payment keeps the spread at $162/mo. Purchase price stands at $154,900, and rental yield measures 9.52% with $1,229/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 124.06% and total cumulative return in cash records $63,704. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,229/mo property income covering a $758/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.35 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: Karen Congilaro • Carolina Pines Realty Office B
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20251192
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