1624 Rabon Farms 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 1624 Rabon Farms Ln, Columbia, SC, 29223 offers a 8.23% rental yield on a $272,888 purchase with $1,872/mo rent. Total monthly income registers $1,872/mo, and a $1,336/mo payment leaves $247/mo available for distribution. Annual cash flow reaches $2,966/yr on $90,462 to close, and return on cash invested stands at 23.19% in year one. Equity gained on principal adds $1,761/yr while 5% annual appreciation supports $75,394 over five years. Portfolio math shows five-year ROI at 120.16% and total cumulative return in cash at $108,704. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,872/mo property income against a $1,336/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
4,791 sqft 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: Grey Farthing • ERA Wilder Realty
Mls Name: Consolidated MLS
Mls ID: #617481