305 Olde Springs RdColumbiaSC29223
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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 305 Olde Springs Rd, Columbia, SC, 29223 priced at $299,000 converts $2,279/mo rent into $500/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,279/mo, and annual cash flow totals $5,995/yr on $99,119 invested. Return on cash invested prints 25.96% in year one, and rental yield reads 9.15% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 134.98% and total cumulative return in cash sums $133,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,279/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29223, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,326 (100%) |
| Owner Occupied HU | 13,839 (54.6%) |
| Renter Occupied HU | 9,663 (38.2%) |
| Vacant Housing Units | 1,824 ( 7.2%) |
| Median Home Value | $237,719 |
| Average Home Value | $279,017 |
Housing Distribution
Address Breakdown
Residential
23,768
Single Family
18,656
Multi-Family
5,112
Businesses
1,541
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Listed by: Rochelle Hicklin • Todd Realty Partners
Mls Name: Consolidated MLS
Mls ID: #625604