916 Appian WayColumbiaSC29229
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
Investment Highlights
Rental property for sale in Columbia at 916 Appian Way, Columbia, SC, 29229 priced at $474,000 converts $2,578/mo rent into after a $2,320/mo obligation. Total monthly income equals $2,578/mo. Return on cash invested prints 17.65% in year one, and rental yield reads 6.53% against a $474,000 entry. Equity gained on principal adds $3,059/yr, while 5% annual appreciation compiles into $130,957 by year five. Five-year ROI reaches 90.58% and total cumulative return in cash sums $142,325. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,578/mo property income covering a $2,320/mo payment, not borrower’s personal income.
Single Family
Built in 2024
9,321 sqft lot
$N/A/sqft
$625 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29229, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,849 (100%) |
| Owner Occupied HU | 16,516 (75.6%) |
| Renter Occupied HU | 4,178 (19.1%) |
| Vacant Housing Units | 1,155 ( 5.3%) |
| Median Home Value | $264,697 |
| Average Home Value | $299,180 |
Housing Distribution
Address Breakdown
Residential
21,627
Single Family
19,314
Multi-Family
2,313
Businesses
1,141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Annette M Lambert • Mungo Homes Properties LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #595026
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC