2408 Park StColumbiaSC29201
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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 2408 Park St, Columbia, SC, 29201 priced at $524,900 pairs $3,815/mo rent with $690/mo cash flow after a $2,569/mo payment. Total monthly income equals $3,815/mo, and annual cash flow comes to $8,286/yr on $172,692 invested. Return on cash invested is 24.86% in year one, and rental yield stands at 8.72% on a $524,900 basis. Equity gained on principal adds $3,387/yr, and 5% annual appreciation accumulates to $145,020 by year five. Five-year ROI measures 129.05% and total cumulative return in cash reaches $222,865. For financing, Ziffy Mortgage’s DSCR program evaluates $3,815/mo property income against a $2,569/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29201, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,548 (100%) |
| Owner Occupied HU | 2,816 (19.4%) |
| Renter Occupied HU | 9,199 (63.2%) |
| Vacant Housing Units | 2,533 (17.4%) |
| Median Home Value | $266,991 |
| Average Home Value | $296,553 |
Housing Distribution
Address Breakdown
Residential
11,749
Single Family
5,092
Multi-Family
6,657
Businesses
2,441
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Listed by: Kevin Fields • Lifesouthern LLC
Mls Name: Consolidated MLS
Mls ID: #613485