331 Merchants DrColumbiaSC29212
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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 331 Merchants Dr, Columbia, SC, 29212 generates $1,866/mo in rent and, after a $1,115/mo payment, leaves $446/mo in cash flow. Total monthly income is $1,866/mo, and annual cash flow is $5,358/yr on $75,549 invested. Return on cash invested sits at 27% in year one, and rental yield is 9.83% on a $227,900 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation builds toward $62,965 over five years. Five-year ROI reaches 140.95% and total cumulative return in cash sums $106,483. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,866/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
5,227 sqft lot
$N/A/sqft
$190 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29212, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,392 (100%) |
| Owner Occupied HU | 9,755 (67.8%) |
| Renter Occupied HU | 3,792 (26.3%) |
| Vacant Housing Units | 845 ( 5.9%) |
| Median Home Value | $261,900 |
| Average Home Value | $331,148 |
Housing Distribution
Address Breakdown
Residential
13,858
Single Family
11,610
Multi-Family
2,248
Businesses
828
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Listed by: Candy M Limehouse • Keller Williams Palmetto
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #604119
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC