106 Grinders Mill RdColumbiaSC29223
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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 Columbia at 106 Grinders Mill Rd, Columbia, SC, 29223 priced at $265,000 converts $2,098/mo rent into $521/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,098/mo, and annual cash flow totals $6,247/yr on $87,848 invested. Return on cash invested prints 27.02% in year one, and rental yield reads 9.5% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 140.67% and total cumulative return in cash sums $123,579. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,098/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29223, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,326 (100%) |
| Owner Occupied HU | 13,839 (54.6%) |
| Renter Occupied HU | 9,663 (38.2%) |
| Vacant Housing Units | 1,824 ( 7.2%) |
| Median Home Value | $237,719 |
| Average Home Value | $279,017 |
Housing Distribution
Address Breakdown
Residential
23,768
Single Family
18,656
Multi-Family
5,112
Businesses
1,541
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Listed by: Melinda Hunt • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #607071
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC