108 Ridge Point 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 108 Ridge Point Rd, Columbia, SC, 29223 priced at $450,000 pairs $2,926/mo rent with $247/mo cash flow after a $2,203/mo payment. Total monthly income equals $2,926/mo, and annual cash flow comes to $2,961/yr on $149,175 invested. Return on cash invested is 21.89% in year one, and rental yield stands at 7.8% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 113.17% and total cumulative return in cash reaches $168,822. For financing, Ziffy Mortgage’s DSCR program evaluates $2,926/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1986
0.75 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: Victoria Mann • Advantage Realty Group, INC
Mls Name: Sumter BOR
Mls ID: #200892