306 Markham RiseColumbiaSC29229
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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 306 Markham Rise, Columbia, SC, 29229 offers $2,318/mo rent that, after a $1,468/mo payment, leaves $533/mo cash flow. Total monthly income is $2,318/mo, and annual cash flow is $6,391/yr on $99,417 cash. Return on cash invested measures 26.34% in year one, and rental yield stands at 9.28% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 137.02% and total cumulative return in cash reaches $136,216. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,318/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.28 Acres 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: Yolanda Drakeford • JPAR Magnolia Group
Mls Name: Consolidated MLS
Mls ID: #603041