309 Hammond AveWest ColumbiaSC29169
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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 West Columbia at 309 Hammond Ave, West Columbia, SC, 29169 offers $1,576/mo rent that, after a $1,419/mo payment. Total monthly income is $1,576/mo. Return on cash invested measures 18.04% in year one, and rental yield stands at 6.52% at a $290,000 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,122 by year five. Five-year ROI records 92.52% and total cumulative return in cash reaches $88,948. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,576/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29169, West Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,168 (100%) |
| Owner Occupied HU | 6,385 (48.5%) |
| Renter Occupied HU | 5,258 (39.9%) |
| Vacant Housing Units | 1,525 (11.6%) |
| Median Home Value | $228,228 |
| Average Home Value | $289,891 |
Housing Distribution
Address Breakdown
Residential
11,662
Single Family
10,118
Multi-Family
1,544
Businesses
1,424
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Listed by: James R Murray • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls ID: #620714