908 Clarendon AveFlorenceSC29505
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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 908 Clarendon Ave, Florence, SC, 29505 uses $115,196 cash to close to unlock $22,191/yr annual cash flow and $1,849/mo monthly cash flow. Total monthly income runs $3,918/mo, and a $1,701/mo payment keeps the spread at $1,849/mo. Purchase price stands at $347,500, and rental yield measures 13.53% with $3,918/mo rent. Return on cash invested shows 39.17% in year one, and 5% annual appreciation builds toward $96,008 over five years. Five-year ROI reaches 205.86% and total cumulative return in cash records $237,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,918/mo property income covering a $1,701/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.39 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
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Listed by: Bobbie Housand • Home Sales Of Florence
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20252056
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.