116 Goodrich StColumbiaSC29223
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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
Investment property for sale in Columbia at 116 Goodrich St, Columbia, SC, 29223 earns $1,570/mo cash flow from $2,492/mo rent with a $758/mo payment. Total monthly income totals $2,492/mo, and annual cash flow totals $18,841/yr on $51,349 capital. ROI tracks 56.6% on current figures, and rental yield reads 19.31% at a $154,900 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,796 over five years. Five-year ROI reaches 299.38% and total cumulative return in cash sums $153,728. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,492/mo property income instead of your personal income.
Single Family
Built in 1983
0.28 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: Chip Jefferson • Gibbs Realty & Auction Co, Inc
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #582895
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC