404 Summit SqColumbiaSC29229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 404 Summit Sq, Columbia, SC, 29229 priced at $258,000 converts $2,461/mo rent into $925/mo cash flow after a $1,263/mo obligation. Total monthly income equals $2,461/mo, and annual cash flow totals $11,099/yr on $85,527 invested. Return on cash invested prints 32.89% in year one, and rental yield reads 11.45% against a $258,000 entry. Equity gained on principal adds $1,665/yr, while 5% annual appreciation compiles into $71,281 by year five. Five-year ROI reaches 172.12% and total cumulative return in cash sums $147,206. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,461/mo property income covering a $1,263/mo payment, not borrower’s personal income.
Townhouse
Built in 2004
3,049 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve Koleno • BEYCOME OF FLORIDA LLC
Mls Name: NY State MLS
Mls ID: #11570615