632 Spruce LnWest ColumbiaSC29172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 West Columbia at 632 Spruce Ln, West Columbia, SC, 29172 priced at $250,000 converts $2,304/mo rent into $815/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,304/mo, and annual cash flow totals $9,785/yr on $82,875 invested. Return on cash invested prints 31.72% in year one, and rental yield reads 11.06% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 165.88% and total cumulative return in cash sums $137,470. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,304/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29172, West Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,704 (100%) |
| Owner Occupied HU | 3,045 (64.7%) |
| Renter Occupied HU | 1,145 (24.3%) |
| Vacant Housing Units | 514 (10.9%) |
| Median Home Value | $218,089 |
| Average Home Value | $248,896 |
Housing Distribution
Address Breakdown
Residential
4,059
Single Family
3,672
Multi-Family
387
Businesses
262
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bradley Aull • Keller Williams Realty
Mls Name: Consolidated MLS
Mls ID: #623173