416 Millstone RdFlorenceSC29505
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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 416 Millstone Rd, Florence, SC, 29505 priced at $469,900 converts $3,254/mo rent into $438/mo cash flow after a $2,300/mo obligation. Total monthly income equals $3,254/mo, and annual cash flow totals $5,255/yr on $155,772 invested. Return on cash invested prints 23.28% in year one, and rental yield reads 8.31% against a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation compiles into $129,825 by year five. Five-year ROI reaches 120.67% and total cumulative return in cash sums $187,970. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,254/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.55 Acres lot
$N/A/sqft
$225 annually 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: Thomas Langan • Exp Realty Greyfeather Group
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20244491
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