311 Vermillion DrColumbiaSC29209
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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 311 Vermillion Dr, Columbia, SC, 29209 priced at $275,000 pairs $1,916/mo rent with $279/mo cash flow after a $1,346/mo payment. Total monthly income equals $1,916/mo, and annual cash flow comes to $3,348/yr on $91,163 invested. Return on cash invested is 23.58% in year one, and rental yield stands at 8.36% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 122.21% and total cumulative return in cash reaches $111,407. For financing, Ziffy Mortgage’s DSCR program evaluates $1,916/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29209, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,612 (100%) |
| Owner Occupied HU | 10,573 (60.0%) |
| Renter Occupied HU | 6,085 (34.6%) |
| Vacant Housing Units | 954 ( 5.4%) |
| Median Home Value | $223,804 |
| Average Home Value | $311,122 |
Housing Distribution
Address Breakdown
Residential
16,357
Single Family
14,261
Multi-Family
2,096
Businesses
855
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Listed by: Tara T Rogers • ERA Wilder Realty
Mls Name: Consolidated MLS
Mls ID: #622733