588 Beach RoadColumbiaNC27925
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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 588 Beach Road, Columbia, NC, 27925 with 5% annual appreciation on a $299,000 basis while $1,080/mo rent supports operations. 81% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,608 alongside rental yield of 4.33%. Five-year ROI measures 53.98% and total cumulative return in cash totals $53,506. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,080/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
6,098 sqft lot
$N/A/sqft
$120 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27925, Columbia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,920 (100%) |
| Owner Occupied HU | 1,006 (52.4%) |
| Renter Occupied HU | 390 (20.3%) |
| Vacant Housing Units | 524 (27.3%) |
| Median Home Value | $210,169 |
| Average Home Value | $256,720 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,200
Multi-Family
0
Businesses
129
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Listed by: Jean Furlough • Lakeside Realty Of Eastern Nc, Llc
Mls Name: NCRMLS
Mls Provider:
Mls ID: #100449788
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of 2024-02-16 15:12:29 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024 North Carolina Regional MLS LLC