707 Honeydew DrWest ColumbiaSC29170
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 707 Honeydew Dr, West Columbia, SC, 29170 priced at $356,654 converts $2,505/mo rent into $352/mo cash flow after a $1,746/mo obligation. Total monthly income equals $2,505/mo, and annual cash flow totals $4,228/yr on $118,231 invested. Return on cash invested prints 23.49% in year one, and rental yield reads 8.43% against a $356,654 entry. Equity gained on principal adds $2,301/yr, while 5% annual appreciation compiles into $98,537 by year five. Five-year ROI reaches 121.84% and total cumulative return in cash sums $144,051. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,505/mo property income covering a $1,746/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.27 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29170, West Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,476 (100%) |
| Owner Occupied HU | 7,860 (75.0%) |
| Renter Occupied HU | 1,892 (18.1%) |
| Vacant Housing Units | 724 ( 6.9%) |
| Median Home Value | $230,188 |
| Average Home Value | $272,206 |
Housing Distribution
Address Breakdown
Residential
9,779
Single Family
9,543
Multi-Family
236
Businesses
540
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Listed by: Phillip Jenkins • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #600816
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC