720 Farrowood DrColumbiaSC29223
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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
Rental property for sale in Columbia at 720 Farrowood Dr, Columbia, SC, 29223 generates $1,275/mo in rent and, after a $783/mo payment, leaves $323/mo in cash flow. Total monthly income is $1,275/mo, and annual cash flow is $3,873/yr on $53,007 invested. Return on cash invested sits at 27.22% in year one, and rental yield is 9.57% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 141.75% and total cumulative return in cash sums $75,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,275/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29223, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,326 (100%) |
| Owner Occupied HU | 13,839 (54.6%) |
| Renter Occupied HU | 9,663 (38.2%) |
| Vacant Housing Units | 1,824 ( 7.2%) |
| Median Home Value | $237,719 |
| Average Home Value | $279,017 |
Housing Distribution
Address Breakdown
Residential
23,768
Single Family
18,656
Multi-Family
5,112
Businesses
1,541
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Listed by: Eddie Smith • Real Broker LLC
Mls Name: Consolidated MLS
Mls ID: #613010