516 Moresby WayColumbiaSC29223
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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 516 Moresby Way, Columbia, SC, 29223 offers $2,572/mo rent that, after a $1,311/mo payment, leaves $977/mo cash flow. Total monthly income is $2,572/mo, and annual cash flow is $11,730/yr on $88,809 cash. Return on cash invested measures 33.12% in year one, and rental yield stands at 11.52% at a $267,900 entry. Equity gained on principal adds $1,729/yr while 5% annual appreciation compounds into $74,016 by year five. Five-year ROI records 173.38% and total cumulative return in cash reaches $153,974. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,572/mo property income versus a $1,311/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29223, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,326 (100%) |
| Owner Occupied HU | 13,839 (54.6%) |
| Renter Occupied HU | 9,663 (38.2%) |
| Vacant Housing Units | 1,824 ( 7.2%) |
| Median Home Value | $237,719 |
| Average Home Value | $279,017 |
Housing Distribution
Address Breakdown
Residential
23,768
Single Family
18,656
Multi-Family
5,112
Businesses
1,541
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Listed by: Yolanda Taylor • Taylored Realty LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #599613
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC