612 Rapids RdColumbiaSC29212
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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 612 Rapids Rd, Columbia, SC, 29212 uses $87,118 cash to close to unlock $7,858/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $2,219/mo, and a $1,286/mo payment keeps the spread at $655/mo. Purchase price stands at $262,799, and rental yield measures 10.13% with $2,219/mo rent. Return on cash invested shows 28.93% in year one, and 5% annual appreciation builds toward $72,607 over five years. Five-year ROI reaches 150.89% and total cumulative return in cash records $131,456. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,219/mo property income covering a $1,286/mo payment rather than investor’s personal income.
Single Family
Built in 1998
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29212, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,392 (100%) |
| Owner Occupied HU | 9,755 (67.8%) |
| Renter Occupied HU | 3,792 (26.3%) |
| Vacant Housing Units | 845 ( 5.9%) |
| Median Home Value | $261,900 |
| Average Home Value | $331,148 |
Housing Distribution
Address Breakdown
Residential
13,858
Single Family
11,610
Multi-Family
2,248
Businesses
828
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Listed by: Jenifer M Miller • Realty One Group Redefined
Mls Name: Consolidated MLS
Mls ID: #617597