2230 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
Investment property for sale in Columbia at 2230 Corning Rd, Columbia, SC, 29205 uses $58,013 cash to close to unlock $4,282/yr annual cash flow and $357/mo monthly cash flow. Total monthly income runs $1,399/mo, and a $857/mo payment keeps the spread at $357/mo. Purchase price stands at $175,000, and rental yield measures 9.59% with $1,399/mo rent. Return on cash invested shows 27.29% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 142.12% and total cumulative return in cash records $82,447. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,399/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,276 sqft 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: Chelsea Cooper • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #616891
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC