4050 Milan RdFlorenceSC29501
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
Rental property for sale in Florence at 4050 Milan Rd, Florence, SC, 29501 generates $2,269/mo in rent and, after a $1,096/mo payment, leaves $923/mo in cash flow. Total monthly income is $2,269/mo, and annual cash flow is $11,081/yr on $74,256 invested. Return on cash invested sits at 34.83% in year one, and rental yield is 12.16% on a $224,000 entry. Equity gained on principal adds $1,445/yr, while 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 182.67% and total cumulative return in cash sums $135,643. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,269/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
9,583 sqft lot
$N/A/sqft
$150 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dorothy A Corriero • Era Leatherman Realty, Inc.
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20252272
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.