184 Springway DrColumbiaSC29209
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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
Rental property for sale in Columbia at 184 Springway Dr, Columbia, SC, 29209 priced at $229,900 converts $2,207/mo rent into $839/mo cash flow after a $1,125/mo obligation. Total monthly income equals $2,207/mo, and annual cash flow totals $10,064/yr on $76,212 invested. Return on cash invested prints 33.11% in year one, and rental yield reads 11.52% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 173.36% and total cumulative return in cash sums $132,119. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,207/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 2001
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29209, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,612 (100%) |
| Owner Occupied HU | 10,573 (60.0%) |
| Renter Occupied HU | 6,085 (34.6%) |
| Vacant Housing Units | 954 ( 5.4%) |
| Median Home Value | $223,804 |
| Average Home Value | $311,122 |
Housing Distribution
Address Breakdown
Residential
16,357
Single Family
14,261
Multi-Family
2,096
Businesses
855
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Listed by: Darryl Robinson • Elite Palmetto Real Estate LLC
Mls Name: Consolidated MLS
Mls ID: #621640