18 Ridgetop CtColumbiaSC29229
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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 18 Ridgetop Ct, Columbia, SC, 29229 uses $115,992 cash to close to unlock $385/yr annual cash flow and $32/mo monthly cash flow. Total monthly income runs $2,130/mo, and a $1,713/mo payment keeps the spread at $32/mo. Purchase price stands at $349,900, and rental yield measures 7.3% with $2,130/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 104.41% and total cumulative return in cash records $121,110. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,130/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1994
10,018 sqft lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29229, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,849 (100%) |
| Owner Occupied HU | 16,516 (75.6%) |
| Renter Occupied HU | 4,178 (19.1%) |
| Vacant Housing Units | 1,155 ( 5.3%) |
| Median Home Value | $264,697 |
| Average Home Value | $299,180 |
Housing Distribution
Address Breakdown
Residential
21,627
Single Family
19,314
Multi-Family
2,313
Businesses
1,141
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Listed by: Terri D Scheper • NextHome Specialists
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #610698
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC