2708 Covenant RdColumbiaSC29204
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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 2708 Covenant Rd, Columbia, SC, 29204 offers $1,739/mo rent that, after a $976/mo payment, leaves $552/mo cash flow. Total monthly income is $1,739/mo, and annual cash flow is $6,622/yr on $66,134 cash. Return on cash invested measures 29.92% in year one, and rental yield stands at 10.46% at a $199,500 entry. Equity gained on principal adds $1,287/yr while 5% annual appreciation compounds into $55,118 by year five. Five-year ROI records 156.24% and total cumulative return in cash reaches $103,327. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,739/mo property income versus a $976/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29204, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,285 (100%) |
| Owner Occupied HU | 4,798 (51.7%) |
| Renter Occupied HU | 3,184 (34.3%) |
| Vacant Housing Units | 1,303 (14.0%) |
| Median Home Value | $238,178 |
| Average Home Value | $299,340 |
Housing Distribution
Address Breakdown
Residential
7,951
Single Family
6,943
Multi-Family
1,008
Businesses
885
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Listed by: Pam Arnold • JPAR Magnolia Group
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #596635
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC