611 Chestnut 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
Investment property for sale in Florence at 611 Chestnut St, Florence, SC, 29501 uses $62,985 cash to close to unlock $4,343/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,493/mo, and a $930/mo payment keeps the spread at $362/mo. Purchase price stands at $190,000, and rental yield measures 9.43% with $1,493/mo rent. Return on cash invested shows 26.8% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 139.48% and total cumulative return in cash records $87,852. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,493/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1945
4,240 sqft 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: N/A • N/A
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