228 Avery LnColumbiaSC29212
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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 228 Avery Ln, Columbia, SC, 29212 priced at $224,900 converts $1,844/mo rent into $505/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,844/mo, and annual cash flow totals $6,060/yr on $74,554 invested. Return on cash invested prints 28.04% in year one, and rental yield reads 9.84% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 146.1% and total cumulative return in cash sums $108,925. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,844/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29212, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,392 (100%) |
| Owner Occupied HU | 9,755 (67.8%) |
| Renter Occupied HU | 3,792 (26.3%) |
| Vacant Housing Units | 845 ( 5.9%) |
| Median Home Value | $261,900 |
| Average Home Value | $331,148 |
Housing Distribution
Address Breakdown
Residential
13,858
Single Family
11,610
Multi-Family
2,248
Businesses
828
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Listed by: Lindy Burnett • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #604378
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC