7114 Patterson RdColumbiaSC29209
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 7114 Patterson Rd, Columbia, SC, 29209 in Columbia is narrow, $130/mo net on $1,526/mo rent after the $861/mo debt service, but the property operates at break-even-plus, not a loss. At $191,500 with a 9.16% yield, the long-run equity case via 5% appreciation ($52,908 over five years) and $1,764/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.77 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $97,300.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 4.8% |
| Monthly Cash Flow | $130 | $850 |
City averages based on Columbia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,526 |
| Total Monthly Debt Service | $1,064 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A