922 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 922 Drake Grove Ln, Columbia, SC, 29210 offers a 11.96% rental yield on a $187,000 purchase with $1,863/mo rent. Total monthly income registers $1,863/mo, and a $915/mo payment leaves $750/mo available for distribution. Annual cash flow reaches $9,001/yr on $61,991 to close, and return on cash invested stands at 34.43% in year one. Equity gained on principal adds $1,207/yr while 5% annual appreciation supports $51,665 over five years. Portfolio math shows five-year ROI at 180.48% and total cumulative return in cash at $111,882. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,863/mo property income against a $915/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
1,742 sqft lot
$N/A/sqft
No 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: Nesha Rowe • Realty One Group Reside
Mls Name: Consolidated MLS
Mls ID: #623785