311 Long Ridge DrColumbiaSC29229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Columbia at 311 Long Ridge Dr, Columbia, SC, 29229 at $265,000 posts ROI 31.07% with $817/mo cash flow from $2,437/mo rent. Total monthly income equals $2,437/mo, and annual cash flow records $9,805/yr on $87,848 to close. Return on cash invested measures 31.07% and rental yield reads 11.04% at the current $265,000. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 by year five. Five-year ROI prints 162.65% and total cumulative return in cash totals $142,887.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,437/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
6,969 sqft lot
$N/A/sqft
$510 annually 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: Christopher Warner • eXp Realty LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #610260
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC