242 Northwood 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 242 Northwood St, Columbia, SC, 29201 priced at $284,800 converts $2,693/mo rent into $998/mo cash flow after a $1,394/mo obligation. Total monthly income equals $2,693/mo, and annual cash flow totals $11,971/yr on $94,411 invested. Return on cash invested prints 32.59% in year one, and rental yield reads 11.35% against a $284,800 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,685 by year five. Five-year ROI reaches 170.54% and total cumulative return in cash sums $161,008. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,693/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Single Family
Built in 2010
3,920 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: Larry Clark • Slate Realty
Mls Name: Consolidated MLS
Mls ID: #607986