2304 Gavin DrColumbiaSC29223
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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 2304 Gavin Dr, Columbia, SC, 29223 priced at $225,000 pairs $1,974/mo rent with $635/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,974/mo, and annual cash flow comes to $7,619/yr on $74,588 invested. Return on cash invested is 30.12% in year one, and rental yield stands at 10.53% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 157.31% and total cumulative return in cash reaches $117,333. For financing, Ziffy Mortgage’s DSCR program evaluates $1,974/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29223, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,326 (100%) |
| Owner Occupied HU | 13,839 (54.6%) |
| Renter Occupied HU | 9,663 (38.2%) |
| Vacant Housing Units | 1,824 ( 7.2%) |
| Median Home Value | $237,719 |
| Average Home Value | $279,017 |
Housing Distribution
Address Breakdown
Residential
23,768
Single Family
18,656
Multi-Family
5,112
Businesses
1,541
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Listed by: Ashley Carter • Olivia Cooley Real Estate
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #600554
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC