6416 E Old Marion HwyFlorenceSC29506
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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 6416 E Old Marion Hwy, Florence, SC, 29506 listed at $264,900 pairs $2,578/mo rent with a $1,297/mo payment to leave $1,001/mo cash flow. Total monthly income runs $2,578/mo, and annual cash flow reaches $12,008/yr on $87,814 cash to close. Return on cash invested measures 33.58% in year one, and rental yield registers 11.68% at a $264,900 basis. Equity gained on principal adds $1,709/yr, and annual property appreciation at 5% supports $73,187 by year five. Five-year ROI tracks 175.87% and total cumulative return in cash totals $154,436. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,578/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
2.75 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: Henry C Edwards • Aiken & Company
Mls Name: Pee Dee Realtor Association
Mls ID: #20254020