2227 Corning RdColumbiaSC29205
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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 2227 Corning Rd, Columbia, SC, 29205 priced at $195,000 pairs $1,232/mo rent with $72/mo cash flow after a $954/mo payment. Total monthly income equals $1,232/mo, and annual cash flow comes to $860/yr on $64,643 invested. Return on cash invested is 21.24% in year one, and rental yield stands at 7.58% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 109.69% and total cumulative return in cash reaches $70,906. For financing, Ziffy Mortgage’s DSCR program evaluates $1,232/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29205, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,610 (100%) |
| Owner Occupied HU | 6,798 (49.9%) |
| Renter Occupied HU | 5,092 (37.4%) |
| Vacant Housing Units | 1,720 (12.6%) |
| Median Home Value | $346,573 |
| Average Home Value | $420,577 |
Housing Distribution
Address Breakdown
Residential
12,188
Single Family
10,741
Multi-Family
1,447
Businesses
780
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Listed by: Julie Colquitt • Sylvan Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #606404
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC