2094 Elmridge Rd, Columbia, SC, 29209 | $703/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Columbia at 2094 Elmridge Rd, Columbia, SC, 29209 offers $2,293/mo rent that, after a $1,273/mo payment, leaves $703/mo cash flow. Total monthly income is $2,293/mo, and annual cash flow is $8,438/yr on $86,190 cash. Return on cash invested measures 29.7% in year one, and rental yield stands at 10.58% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 155.27% and total cumulative return in cash reaches $133,829. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,293/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2022

4,791 sqft lot

$N/A/sqft

$500 annually 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