124 Shorewood WayColumbiaSC29212
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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 124 Shorewood Way, Columbia, SC, 29212 generates $3,136/mo in rent and, after a $2,442/mo payment, leaves $114/mo in cash flow. Total monthly income is $3,136/mo, and annual cash flow is $1,371/yr on $165,419 invested. Return on cash invested sits at 20.74% in year one, and rental yield is 7.54% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 107.13% and total cumulative return in cash sums $177,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,136/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.47 Acres lot
$N/A/sqft
$620 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29212, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,392 (100%) |
| Owner Occupied HU | 9,755 (67.8%) |
| Renter Occupied HU | 3,792 (26.3%) |
| Vacant Housing Units | 845 ( 5.9%) |
| Median Home Value | $261,900 |
| Average Home Value | $331,148 |
Housing Distribution
Address Breakdown
Residential
13,858
Single Family
11,610
Multi-Family
2,248
Businesses
828
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Listed by: Erin Starling • W Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #600638
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC