408 S Addison StFlorenceSC29501
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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 408 S Addison St, Florence, SC, 29501 priced at $689,900 converts $4,577/mo rent into $470/mo cash flow after a $3,377/mo obligation. Total monthly income equals $4,577/mo, and annual cash flow totals $5,638/yr on $226,977 invested. Return on cash invested prints 22.54% in year one, and rental yield reads 7.96% against a $689,900 entry. Equity gained on principal adds $4,452/yr, while 5% annual appreciation compiles into $190,607 by year five. Five-year ROI reaches 116.62% and total cumulative return in cash sums $264,709. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,577/mo property income covering a $3,377/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.78 Acres lot
$N/A/sqft
No 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
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Listed by: Alexis Fleming • Re/max Professionals
Mls Name: Pee Dee Realtor Association
Mls ID: #20253380