281 Castlebury DrColumbiaSC29229
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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 281 Castlebury Dr, Columbia, SC, 29229 priced at $390,000 converts $2,521/mo rent into $199/mo cash flow after a $1,909/mo obligation. Total monthly income equals $2,521/mo, and annual cash flow totals $2,391/yr on $129,285 invested. Return on cash invested prints 21.76% in year one, and rental yield reads 7.76% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 112.47% and total cumulative return in cash sums $145,412. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,521/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 2005
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29229, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,849 (100%) |
| Owner Occupied HU | 16,516 (75.6%) |
| Renter Occupied HU | 4,178 (19.1%) |
| Vacant Housing Units | 1,155 ( 5.3%) |
| Median Home Value | $264,697 |
| Average Home Value | $299,180 |
Housing Distribution
Address Breakdown
Residential
21,627
Single Family
19,314
Multi-Family
2,313
Businesses
1,141
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Listed by: Lori Smith • J King Real Estate
Mls Name: Consolidated MLS
Mls ID: #624163