7831 Bay Springs RdColumbiaSC29223
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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 7831 Bay Springs Rd, Columbia, SC, 29223 priced at $268,000 converts $2,348/mo rent into $752/mo cash flow after a $1,312/mo obligation. Total monthly income equals $2,348/mo, and annual cash flow totals $9,028/yr on $88,842 invested. Return on cash invested prints 30.07% in year one, and rental yield reads 10.51% against a $268,000 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation compiles into $74,043 by year five. Five-year ROI reaches 157.04% and total cumulative return in cash sums $139,521. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,348/mo property income covering a $1,312/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.37 Acres 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: Kerri Drafts • Home Advantage Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #604669
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC