116 Hastings Point DrColumbiaSC29203
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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 116 Hastings Point Dr, Columbia, SC, 29203 priced at $680,000 pairs $4,951/mo rent with $903/mo cash flow after a $3,328/mo payment. Total monthly income equals $4,951/mo, and annual cash flow comes to $10,840/yr on $223,720 invested. Return on cash invested is 24.91% in year one, and rental yield stands at 8.74% on a $680,000 basis. Equity gained on principal adds $4,388/yr, and 5% annual appreciation accumulates to $187,871 by year five. Five-year ROI measures 129.3% and total cumulative return in cash reaches $289,260. For financing, Ziffy Mortgage’s DSCR program evaluates $4,951/mo property income against a $3,328/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29203, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,188 (100%) |
| Owner Occupied HU | 9,182 (47.9%) |
| Renter Occupied HU | 7,860 (41.0%) |
| Vacant Housing Units | 2,146 (11.2%) |
| Median Home Value | $190,357 |
| Average Home Value | $287,559 |
Housing Distribution
Address Breakdown
Residential
16,935
Single Family
15,872
Multi-Family
1,063
Businesses
1,170
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Listed by: Ebone Gadson • NorthGroup Real Estate LLC
Mls Name: Consolidated MLS
Mls ID: #623966