605 Martha StColumbiaNC27925
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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 605 Martha St, Columbia, NC, 27925 priced at $119,500 converts $956/mo rent into $228/mo cash flow after a $585/mo obligation. Total monthly income equals $956/mo, and annual cash flow totals $2,731/yr on $39,614 invested. Return on cash invested prints 26.8% in year one, and rental yield reads 9.6% against a $119,500 entry. Equity gained on principal adds $771/yr, while 5% annual appreciation compiles into $33,016 by year five. Five-year ROI reaches 139.72% and total cumulative return in cash sums $55,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $956/mo property income covering a $585/mo payment, not borrower’s personal income.
Single Family
Built in 1915
N/A lot
$N/A/sqft
No 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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No similar price properties found nearby.
Listed by: Laura M Spencer • LS Property and Project Management LLC
Mls Name: OBAR
Mls ID: #129567