403 Indigo Ridge DrColumbiaSC29229
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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 403 Indigo Ridge Dr, Columbia, SC, 29229 priced at $350,000 pairs $3,224/mo rent with $1,098/mo cash flow after a $1,713/mo payment. Total monthly income equals $3,224/mo, and annual cash flow comes to $13,177/yr on $116,025 invested. Return on cash invested is 31.27% in year one, and rental yield stands at 11.05% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 163.64% and total cumulative return in cash reaches $189,866. For financing, Ziffy Mortgage’s DSCR program evaluates $3,224/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
7,840 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: Alton Aaron • Earth Properties, Inc.
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #598559
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC