531 3rd Loop Rd APT AFlorenceSC29505
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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
Investment property for sale in Florence at 531 3rd Loop Rd APT A, Florence, SC, 29505 uses $44,753 cash to close to unlock $13,034/yr annual cash flow and $1,086/mo monthly cash flow. Total monthly income runs $1,890/mo, and a $661/mo payment keeps the spread at $1,086/mo. Purchase price stands at $135,000, and rental yield measures 16.8% with $1,890/mo rent. Return on cash invested shows 49.03% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 258.81% and total cumulative return in cash records $115,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,890/mo property income covering a $661/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No 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: N/A • Select Premium Properties Inc
Mls Name: CTMLS
Mls ID: #25032551