338 Ryegrass WayColumbiaSC29212
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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
Investment property for sale in Columbia at 338 Ryegrass Way, Columbia, SC, 29212 listed at $252,204 pairs $2,040/mo rent with a $1,234/mo payment to leave $539/mo cash flow. Total monthly income runs $2,040/mo, and annual cash flow reaches $6,469/yr on $83,606 cash to close. Return on cash invested measures 27.65% in year one, and rental yield registers 9.71% at a $252,204 basis. Equity gained on principal adds $1,627/yr, and annual property appreciation at 5% supports $69,679 by year five. Five-year ROI tracks 144.07% and total cumulative return in cash totals $120,450. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,040/mo property income relative to a $1,234/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
No 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: Christopher Graham • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls ID: #618713