704 W Palmetto 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 704 W Palmetto St, Florence, SC, 29501 at $277,000 posts ROI 28.23% with $637/mo cash flow from $2,286/mo rent. Total monthly income equals $2,286/mo, and annual cash flow records $7,642/yr on $91,826 to close. Return on cash invested measures 28.23% and rental yield reads 9.9% at the current $277,000. Equity gained on principal adds $1,787/yr, and 5% annual appreciation supports $76,530 by year five. Five-year ROI prints 147.16% and total cumulative return in cash totals $135,135.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,286/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1935
0.43 Acres 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: Natalie Taflinger • Exp Realty Llc
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20243529
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.