4022 Milan RdFlorenceSC29506
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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 4022 Milan Rd, Florence, SC, 29506 generates $2,240/mo in rent and, after a $1,273/mo payment, leaves $692/mo in cash flow. Total monthly income is $2,240/mo, and annual cash flow is $8,302/yr on $86,187 invested. Return on cash invested sits at 29.54% in year one, and rental yield is 10.34% on a $259,990 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,830 over five years. Five-year ROI reaches 154.19% and total cumulative return in cash sums $132,890. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,240/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29506, Florence, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,849 (100%) |
| Owner Occupied HU | 4,618 (52.2%) |
| Renter Occupied HU | 3,004 (33.9%) |
| Vacant Housing Units | 1,227 (13.9%) |
| Median Home Value | $141,365 |
| Average Home Value | $217,423 |
Housing Distribution
Address Breakdown
Residential
8,295
Single Family
7,589
Multi-Family
706
Businesses
597
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Listed by: Steven M Ateyeh • Exp Realty Llc
Mls Name: Pee Dee Realtor Association
Mls ID: #20253608