1331 Redridge TerColumbiaSC29203
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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 1331 Redridge Ter, Columbia, SC, 29203 uses $41,438 cash to close to unlock $2,469/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $950/mo, and a $612/mo payment keeps the spread at $206/mo. Purchase price stands at $125,000, and rental yield measures 9.12% with $950/mo rent. Return on cash invested shows 25.87% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 134.5% and total cumulative return in cash records $55,733. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $950/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.45 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: Nima Sherpa • Real Broker LLC
Mls Name: Consolidated MLS
Mls ID: #614735