2246 Ervin StColumbiaSC29204
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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 2246 Ervin St, Columbia, SC, 29204 earns $313/mo cash flow from $1,265/mo rent with a $783/mo payment. Total monthly income totals $1,265/mo, and annual cash flow totals $3,752/yr on $53,040 capital. ROI tracks 26.98% on current figures, and rental yield reads 9.49% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 140.5% and total cumulative return in cash sums $74,522. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,265/mo property income instead of your personal income.
Multi Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29204, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,285 (100%) |
| Owner Occupied HU | 4,798 (51.7%) |
| Renter Occupied HU | 3,184 (34.3%) |
| Vacant Housing Units | 1,303 (14.0%) |
| Median Home Value | $238,178 |
| Average Home Value | $299,340 |
Housing Distribution
Address Breakdown
Residential
7,951
Single Family
6,943
Multi-Family
1,008
Businesses
885
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Listed by: David Sumter • JPAR Magnolia Group
Mls Name: Consolidated MLS
Mls ID: #613165