226 Edgewater LnWest ColumbiaSC29169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 West Columbia at 226 Edgewater Ln, West Columbia, SC, 29169 priced at $162,000 converts $1,616/mo rent into $652/mo cash flow after a $793/mo obligation. Total monthly income equals $1,616/mo, and annual cash flow totals $7,819/yr on $53,703 invested. Return on cash invested prints 34.47% in year one, and rental yield reads 11.97% against a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation compiles into $44,758 by year five. Five-year ROI reaches 180.65% and total cumulative return in cash sums $97,013. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,616/mo property income covering a $793/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29169, West Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,168 (100%) |
| Owner Occupied HU | 6,385 (48.5%) |
| Renter Occupied HU | 5,258 (39.9%) |
| Vacant Housing Units | 1,525 (11.6%) |
| Median Home Value | $228,228 |
| Average Home Value | $289,891 |
Housing Distribution
Address Breakdown
Residential
11,662
Single Family
10,118
Multi-Family
1,544
Businesses
1,424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiffany Burghardt • CMM Realty, Inc.
Mls Name: Consolidated MLS
Mls ID: #624043