229 Spring Lake RdColumbiaSC29206
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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 229 Spring Lake Rd, Columbia, SC, 29206 listed at $1,085,000 pairs $4,222/mo rent with a $5,311/mo payment. Total monthly income runs $4,222/mo. Return on cash invested measures 12.73% in year one, and rental yield registers 4.67% at a $1,085,000 basis. Equity gained on principal adds $7,001/yr, and annual property appreciation at 5% supports $299,766 by year five. Five-year ROI tracks 63.95% and total cumulative return in cash totals $224,798. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,222/mo property income relative to a $5,311/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29206, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,750 (100%) |
| Owner Occupied HU | 6,005 (61.6%) |
| Renter Occupied HU | 2,934 (30.1%) |
| Vacant Housing Units | 811 ( 8.3%) |
| Median Home Value | $366,544 |
| Average Home Value | $456,006 |
Housing Distribution
Address Breakdown
Residential
9,518
Single Family
8,079
Multi-Family
1,439
Businesses
554
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Listed by: Jennifer A Kemp • Home Advantage Realty
Mls Name: Consolidated MLS
Mls ID: #614958