Hickory Ridge I A Plan, Florence, SC: Build On Your LotFlorenceSC29501
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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
Rental property for sale in Florence at Hickory Ridge I A Plan, Florence, SC: Build On Your Lot, Florence, SC, 29501 priced at $322,220 converts $2,960/mo rent into $1,042/mo cash flow after a $1,577/mo obligation. Total monthly income equals $2,960/mo, and annual cash flow totals $12,504/yr on $106,816 invested. Return on cash invested prints 31.61% in year one, and rental yield reads 11.02% against a $322,220 entry. Equity gained on principal adds $2,079/yr, while 5% annual appreciation compiles into $89,023 by year five. Five-year ROI reaches 165.3% and total cumulative return in cash sums $176,572. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,960/mo property income covering a $1,577/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A 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: N/A • America's Home Place
Mls Name: Americas Home Place
Mls Provider:
Mls ID: #N/A