405 Spring Oak LnColumbiaSC29229
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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 405 Spring Oak Ln, Columbia, SC, 29229 offers a 8.44% rental yield on a $250,000 purchase with $1,758/mo rent. Total monthly income registers $1,758/mo, and a $1,224/mo payment leaves $252/mo available for distribution. Annual cash flow reaches $3,018/yr on $82,875 to close, and return on cash invested stands at 23.55% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 122.18% and total cumulative return in cash at $101,254. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,758/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.30 Acres lot
$N/A/sqft
$215 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: Brad Davis • Keller Williams The Downing Group
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #615315
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC