409 Myles AveColumbiaSC29203
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
Investment property for sale in Columbia at 409 Myles Ave, Columbia, SC, 29203 with 5% annual appreciation on a $235,000 basis while $1,630/mo rent supports operations. Total monthly income totals $1,630/mo and a $1,150/mo payment preserves $231/mo for cash returns. Annual cash flow comes to $2,776/yr on $77,903 deployed, and return on cash invested reaches 23.47% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,926 alongside rental yield of 8.32%. Five-year ROI measures 121.67% and total cumulative return in cash totals $94,780.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,630/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29203, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,188 (100%) |
| Owner Occupied HU | 9,182 (47.9%) |
| Renter Occupied HU | 7,860 (41.0%) |
| Vacant Housing Units | 2,146 (11.2%) |
| Median Home Value | $190,357 |
| Average Home Value | $287,559 |
Housing Distribution
Address Breakdown
Residential
16,935
Single Family
15,872
Multi-Family
1,063
Businesses
1,170
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Moye • Keller Williams The Downing Group
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #589453
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC