11 Summer Vale CtColumbiaSC29223
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 11 Summer Vale Ct, Columbia, SC, 29223 in Columbia: $2,087/mo in rent, $986/mo net, 17.51% gross yield, all on a $143,000 acquisition. The 3.25 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $39,508 in value, and $1,317/yr in principal paydown steadily builds equity. Projected total cumulative return: $118,621.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.5% | 4.8% |
| Monthly Cash Flow | $986 | $850 |
City averages based on Columbia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,087 |
| Total Monthly Debt Service | $1,044 |
| DSCR Ratio | 2.00x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2003
6,098 sqft lot
$N/A/sqft
$250 monthly 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
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
Single Family
Built in 2003
6,098 sqft lot
$N/A/sqft
$250 monthly 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A