2900 Chestnut StColumbiaSC29204
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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 2900 Chestnut St, Columbia, SC, 29204 listed at $218,000 pairs $1,900/mo rent with a $1,067/mo payment to leave $602/mo cash flow. Total monthly income runs $1,900/mo, and annual cash flow reaches $7,227/yr on $72,267 cash to close. Return on cash invested measures 29.91% in year one, and rental yield registers 10.46% at a $218,000 basis. Equity gained on principal adds $1,407/yr, and annual property appreciation at 5% supports $60,229 by year five. Five-year ROI tracks 156.2% and total cumulative return in cash totals $112,879. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,900/mo property income relative to a $1,067/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
8,712 sqft 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: Hayley Carpenter • JPAR Magnolia Group
Mls Name: Consolidated MLS
Mls ID: #622646