2208 Lorick AveColumbiaSC29203
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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 2208 Lorick Ave, Columbia, SC, 29203 generates $1,433/mo in rent and, after a $888/mo payment, leaves $353/mo in cash flow. Total monthly income is $1,433/mo, and annual cash flow is $4,235/yr on $60,167 invested. Return on cash invested sits at 26.95% in year one, and rental yield is 9.47% on a $181,500 entry. Equity gained on principal adds $1,171/yr, while 5% annual appreciation builds toward $50,145 over five years. Five-year ROI reaches 140.26% and total cumulative return in cash sums $84,392. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,433/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
7,650 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29203, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,188 (100%) |
| Owner Occupied HU | 9,182 (47.9%) |
| Renter Occupied HU | 7,860 (41.0%) |
| Vacant Housing Units | 2,146 (11.2%) |
| Median Home Value | $190,357 |
| Average Home Value | $287,559 |
Housing Distribution
Address Breakdown
Residential
16,935
Single Family
15,872
Multi-Family
1,063
Businesses
1,170
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Listed by: N/A • N/A
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