11 Royalgate DrColumbiaSC29223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 11 Royalgate Dr, Columbia, SC, 29223 generates $978/mo in rent and, after a $631/mo payment, leaves $210/mo in cash flow. Total monthly income is $978/mo, and annual cash flow is $2,526/yr on $42,764 invested. Return on cash invested sits at 25.82% in year one, and rental yield is 9.1% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 134.25% and total cumulative return in cash sums $57,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $978/mo property income rather than buyer’s personal income.
Condo
Built in 1974
871.20 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stefanie Lane • Realty One Group Reside
Mls Name: Consolidated MLS
Mls ID: #616124