635 Red Tip CirFlorenceSC29505
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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 635 Red Tip Cir, Florence, SC, 29505 uses $67,924 cash to close to unlock $8,474/yr annual cash flow and $706/mo monthly cash flow. Total monthly income runs $1,926/mo, and a $1,003/mo payment keeps the spread at $706/mo. Purchase price stands at $204,900, and rental yield measures 11.28% with $1,926/mo rent. Return on cash invested shows 32.38% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 169.47% and total cumulative return in cash records $115,114. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,926/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1995
10,018 sqft 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: Beth S Jones • Coldwell Banker Mcmillan And Associates
Mls Name: Pee Dee Realtor Association
Mls ID: #20253054