246 Merchants DrColumbiaSC29212
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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 246 Merchants Dr, Columbia, SC, 29212 at $225,000 posts ROI 30.22% with $641/mo cash flow from $1,980/mo rent. Total monthly income equals $1,980/mo, and annual cash flow records $7,691/yr on $74,588 to close. Return on cash invested measures 30.22% and rental yield reads 10.56% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 157.81% and total cumulative return in cash totals $117,705.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,980/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2007
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29212, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,392 (100%) |
| Owner Occupied HU | 9,755 (67.8%) |
| Renter Occupied HU | 3,792 (26.3%) |
| Vacant Housing Units | 845 ( 5.9%) |
| Median Home Value | $261,900 |
| Average Home Value | $331,148 |
Housing Distribution
Address Breakdown
Residential
13,858
Single Family
11,610
Multi-Family
2,248
Businesses
828
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Listed by: Nicole Verner • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls ID: #622351