404 W VisFlorenceSC29506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 404 W Vis, Florence, SC, 29506 uses $79,560 cash to close to unlock $8,352/yr annual cash flow and $696/mo monthly cash flow. Total monthly income runs $2,125/mo, and a $1,175/mo payment keeps the spread at $696/mo. Purchase price stands at $240,000, and rental yield measures 10.63% with $2,125/mo rent. Return on cash invested shows 30.41% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 158.8% and total cumulative return in cash records $126,338. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,125/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 2024
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandra G Mitchell • Re/max Professionals
Mls Name: Pee Dee Realtor Association
Mls ID: #2600134