511 Chatham AveColumbiaSC29205
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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 511 Chatham Ave, Columbia, SC, 29205 priced at $525,000 converts $2,993/mo rent into after a $2,570/mo obligation. Total monthly income equals $2,993/mo. Return on cash invested prints 19.14% in year one, and rental yield reads 6.84% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 98.38% and total cumulative return in cash sums $169,929. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,993/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 1937
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29205, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,610 (100%) |
| Owner Occupied HU | 6,798 (49.9%) |
| Renter Occupied HU | 5,092 (37.4%) |
| Vacant Housing Units | 1,720 (12.6%) |
| Median Home Value | $346,573 |
| Average Home Value | $420,577 |
Housing Distribution
Address Breakdown
Residential
12,188
Single Family
10,741
Multi-Family
1,447
Businesses
780
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Listed by: Karen Yip • Yip Premier Real Estate LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #611098
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC