616 Edge Creek LnFlorenceSC29505
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 616 Edge Creek Ln, Florence, SC, 29505 generates $2,056/mo in rent and, after a $1,507/mo payment, leaves $223/mo in cash flow. Total monthly income is $2,056/mo, and annual cash flow is $2,679/yr on $102,049 invested. Return on cash invested sits at 22.53% in year one, and rental yield is 8.01% on a $307,840 entry. Equity gained on principal adds $1,986/yr, while 5% annual appreciation builds toward $85,051 over five years. Five-year ROI reaches 116.64% and total cumulative return in cash sums $119,029. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,056/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.43 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Renee Brown • Dr Horton
Mls Name: Pee Dee Realtor Association
Mls ID: #20254090