769 Phipps LnColumbiaSC29209
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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 769 Phipps Ln, Columbia, SC, 29209 listed at $305,000 pairs $2,428/mo rent with a $1,493/mo payment to leave $582/mo cash flow. Total monthly income runs $2,428/mo, and annual cash flow reaches $6,987/yr on $101,108 cash to close. Return on cash invested measures 26.82% in year one, and rental yield registers 9.55% at a $305,000 basis. Equity gained on principal adds $1,968/yr, and annual property appreciation at 5% supports $84,266 by year five. Five-year ROI tracks 139.75% and total cumulative return in cash totals $141,298. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,428/mo property income relative to a $1,493/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
6,098 sqft lot
$N/A/sqft
$360 annually 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: Taley Hunt • Keller Williams Preferred
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #607600
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC