1409 Cheltenham LnColumbiaSC29223
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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 1409 Cheltenham Ln, Columbia, SC, 29223 uses $82,842 cash to close to unlock $5,550/yr annual cash flow and $463/mo monthly cash flow. Total monthly income runs $1,950/mo, and a $1,223/mo payment keeps the spread at $463/mo. Purchase price stands at $249,900, and rental yield measures 9.36% with $1,950/mo rent. Return on cash invested shows 26.61% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 138.48% and total cumulative return in cash records $114,722. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,950/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1969
N/A 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: Steve C Kim • Paul Properties LLC
Mls Name: Consolidated MLS
Mls ID: #617460