2 Oak Edge CtColumbiaSC29212
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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 2 Oak Edge Ct, Columbia, SC, 29212 generates $2,162/mo in rent and, after a $1,517/mo payment, leaves $317/mo in cash flow. Total monthly income is $2,162/mo, and annual cash flow is $3,803/yr on $102,765 invested. Return on cash invested sits at 23.61% in year one, and rental yield is 8.37% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 122.37% and total cumulative return in cash sums $125,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,162/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29212, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,392 (100%) |
| Owner Occupied HU | 9,755 (67.8%) |
| Renter Occupied HU | 3,792 (26.3%) |
| Vacant Housing Units | 845 ( 5.9%) |
| Median Home Value | $261,900 |
| Average Home Value | $331,148 |
Housing Distribution
Address Breakdown
Residential
13,858
Single Family
11,610
Multi-Family
2,248
Businesses
828
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Listed by: Detria Miller • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls ID: #616425