24 Ashworth LnColumbiaSC29206
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 24 Ashworth Ln, Columbia, SC, 29206 in Columbia worth modelling. At $895,000 with a 7.39% gross yield, the $5,515/mo rent leaves $20/mo after the $4,024/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.37 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $247,272 by year five; $8,243/yr in principal reduction adds further equity. Total projected return: $350,535.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 4.8% |
| Monthly Cash Flow | $20 | $850 |
City averages based on Columbia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,515 |
| Total Monthly Debt Service | $4,972 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
0.43 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
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
Single Family
Built in 2005
0.43 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve Joye • RE/MAX Home Team Realty LLC
Mls Name: Consolidated MLS
Mls ID: #626625