2836 Stepp DrColumbiaSC29204
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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 2836 Stepp Dr, Columbia, SC, 29204 offers a 8.51% rental yield on a $389,000 purchase with $2,758/mo rent. Total monthly income registers $2,758/mo, and a $1,904/mo payment leaves $442/mo available for distribution. Annual cash flow reaches $5,308/yr on $128,954 to close, and return on cash invested stands at 24.02% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 124.63% and total cumulative return in cash at $160,710. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,758/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29204, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,285 (100%) |
| Owner Occupied HU | 4,798 (51.7%) |
| Renter Occupied HU | 3,184 (34.3%) |
| Vacant Housing Units | 1,303 (14.0%) |
| Median Home Value | $238,178 |
| Average Home Value | $299,340 |
Housing Distribution
Address Breakdown
Residential
7,951
Single Family
6,943
Multi-Family
1,008
Businesses
885
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Listed by: Gayle Haddock • Wilson Real Estate Company LLC
Mls Name: Consolidated MLS
Mls ID: #624134