400 Waccamaw Ave UNIT 400DColumbiaSC29205
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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 400 Waccamaw Ave UNIT 400D, Columbia, SC, 29205 offers a 8.31% rental yield on a $215,000 purchase with $1,488/mo rent. Total monthly income registers $1,488/mo, and a $1,052/mo payment leaves $8/mo available for distribution. Annual cash flow reaches $102/yr on $71,273 to close, and return on cash invested stands at 20.05% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 104.56% and total cumulative return in cash at $74,521. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,488/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1932
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29205, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,610 (100%) |
| Owner Occupied HU | 6,798 (49.9%) |
| Renter Occupied HU | 5,092 (37.4%) |
| Vacant Housing Units | 1,720 (12.6%) |
| Median Home Value | $346,573 |
| Average Home Value | $420,577 |
Housing Distribution
Address Breakdown
Residential
12,188
Single Family
10,741
Multi-Family
1,447
Businesses
780
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Listed by: Donna F Arvay • Keller Williams Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #595088
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC