912 Drake Grove LnColumbiaSC29210
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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 912 Drake Grove Ln, Columbia, SC, 29210 uses $63,744 cash to close to unlock $4,339/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,554/mo, and a $941/mo payment keeps the spread at $362/mo. Purchase price stands at $192,290, and rental yield measures 9.7% with $1,554/mo rent. Return on cash invested shows 26.72% in year one, and 5% annual appreciation builds toward $53,126 over five years. Five-year ROI reaches 139.38% and total cumulative return in cash records $88,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,554/mo property income covering a $941/mo payment rather than investor’s personal income.
Townhouse
Built in 2024
1,742 sqft lot
$N/A/sqft
$575 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29210, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,166 (100%) |
| Owner Occupied HU | 6,820 (35.6%) |
| Renter Occupied HU | 10,472 (54.6%) |
| Vacant Housing Units | 1,874 ( 9.8%) |
| Median Home Value | $195,610 |
| Average Home Value | $234,246 |
Housing Distribution
Address Breakdown
Residential
17,637
Single Family
10,741
Multi-Family
6,896
Businesses
1,419
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Listed by: Elaine C Baker • McGuinn Homes LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #592747
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC