607 E Sam Harrell 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 607 E Sam Harrell Rd, Florence, SC, 29506 offers $1,083/mo rent that, after a $685/mo payment, leaves $250/mo cash flow. Total monthly income is $1,083/mo, and annual cash flow is $2,998/yr on $46,410 cash. Return on cash invested measures 26.37% in year one, and rental yield stands at 9.28% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 137.19% and total cumulative return in cash reaches $63,670. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,083/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
2.15 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: Jackie L Jernigan • My Real Estate Group,llc
Mls Name: Pee Dee Realtor Association
Mls ID: #20252625