408 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 408 Indigo Ridge Dr, Columbia, SC, 29229 priced at $314,900 pairs $2,716/mo rent with $842/mo cash flow after a $1,541/mo payment. Total monthly income equals $2,716/mo, and annual cash flow comes to $10,101/yr on $104,389 invested. Return on cash invested is 29.59% in year one, and rental yield stands at 10.35% on a $314,900 basis. Equity gained on principal adds $2,032/yr, and 5% annual appreciation accumulates to $87,001 by year five. Five-year ROI measures 154.42% and total cumulative return in cash reaches $161,194. For financing, Ziffy Mortgage’s DSCR program evaluates $2,716/mo property income against a $1,541/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
6,534 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
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Listed by: Spence Reese • Envision Realty of the Carolinas
Mls Name: Consolidated MLS
Mls ID: #617880