7114 Patterson RdColumbiaSC29209
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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 Columbia at 7114 Patterson Rd, Columbia, SC, 29209 offers $1,526/mo rent that, after a $937/mo payment, leaves $386/mo cash flow. Total monthly income is $1,526/mo, and annual cash flow is $4,636/yr on $63,482 cash. Return on cash invested measures 27.21% in year one, and rental yield stands at 9.56% at a $191,500 entry. Equity gained on principal adds $1,236/yr while 5% annual appreciation compounds into $52,908 by year five. Five-year ROI records 141.74% and total cumulative return in cash reaches $89,979. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,526/mo property income versus a $937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in 1961
0.26 Acres 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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