7101 Springate DrColumbiaSC29209
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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 7101 Springate Dr, Columbia, SC, 29209 listed at $349,900 pairs $2,101/mo rent with a $1,713/mo payment to leave $18/mo cash flow. Total monthly income runs $2,101/mo, and annual cash flow reaches $212/yr on $115,992 cash to close. Return on cash invested measures 20.09% in year one, and rental yield registers 7.21% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 103.52% and total cumulative return in cash totals $120,078. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,101/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29209, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,612 (100%) |
| Owner Occupied HU | 10,573 (60.0%) |
| Renter Occupied HU | 6,085 (34.6%) |
| Vacant Housing Units | 954 ( 5.4%) |
| Median Home Value | $223,804 |
| Average Home Value | $311,122 |
Housing Distribution
Address Breakdown
Residential
16,357
Single Family
14,261
Multi-Family
2,096
Businesses
855
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Listed by: Jesse P Grote • Paul Properties LLC
Mls Name: Consolidated MLS
Mls ID: #613946