429 S Wallace RdFlorenceSC29506
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 429 S Wallace Rd, Florence, SC, 29506 offers $1,641/mo rent that, after a $1,101/mo payment, leaves $302/mo cash flow. Total monthly income is $1,641/mo, and annual cash flow is $3,624/yr on $74,554 cash. Return on cash invested measures 24.77% in year one, and rental yield stands at 8.76% at a $224,900 entry. Equity gained on principal adds $1,451/yr while 5% annual appreciation compounds into $62,136 by year five. Five-year ROI records 128.57% and total cumulative return in cash reaches $95,857. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,641/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.69 Acres 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: Edwin L Harrell • Coldwell Banker Mcmillan And Associates
Mls Name: Pee Dee Realtor Association
Mls ID: #20244476