1522 Faraway DrColumbiaSC29223
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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 1522 Faraway Dr, Columbia, SC, 29223 listed at $260,000 pairs $2,071/mo rent with a $1,273/mo payment to leave $523/mo cash flow. Total monthly income runs $2,071/mo, and annual cash flow reaches $6,274/yr on $86,190 cash to close. Return on cash invested measures 27.19% in year one, and rental yield registers 9.56% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 141.57% and total cumulative return in cash totals $122,021. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,071/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.36 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: Teresa A Coleman • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls ID: #620834