204 E Springs RdColumbiaSC29223
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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 204 E Springs Rd, Columbia, SC, 29223 uses $95,555 cash to close to unlock $11,135/yr annual cash flow and $928/mo monthly cash flow. Total monthly income runs $2,828/mo, and a $1,411/mo payment keeps the spread at $928/mo. Purchase price stands at $288,250, and rental yield measures 11.77% with $2,828/mo rent. Return on cash invested shows 31.56% in year one, and 5% annual appreciation builds toward $79,638 over five years. Five-year ROI reaches 165.84% and total cumulative return in cash records $158,467. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,828/mo property income covering a $1,411/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.51 Acres lot
$N/A/sqft
$184 monthly 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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