2045 Armada RdColumbiaSC29229
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Columbia rental at 2045 Armada Rd, Columbia, SC, 29229 sits in the solid-income band: 8.35% gross yield, $1,409/mo rent, $204/mo net after the $911/mo debt service, DSCR 1.55. Entry price of $202,499 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $55,947 and $1,865/yr in principal reduction bring total cumulative return to $89,655.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 4.8% |
| Monthly Cash Flow | $204 | $850 |
City averages based on Columbia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,409 |
| Total Monthly Debt Service | $1,125 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2025
3,049 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2025
3,049 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Johanna Perez-Aquino • ERA Wilder Realty
Mls Name: Consolidated MLS
Mls ID: #621646