214 Melody Ln, Columbia, SC, 29210 | $244/mo Cash Flow

For Sale

Ziffy Mortgage

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

Investment property for sale in Columbia at 214 Melody Ln, Columbia, SC, 29210 offers a 9.16% rental yield on a $145,000 purchase with $1,107/mo rent. Total monthly income registers $1,107/mo, and a $710/mo payment leaves $244/mo available for distribution. Annual cash flow reaches $2,923/yr on $48,068 to close, and return on cash invested stands at 25.99% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 135.18% and total cumulative return in cash at $64,976. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,107/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1977

0.53 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 29210, Columbia, SC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,166 (100%)
Owner Occupied HU	6,820 (35.6%)
Renter Occupied HU	10,472 (54.6%)
Vacant Housing Units	1,874 ( 9.8%)
Median Home Value	$195,610
Average Home Value	$234,246