2901 Palace DrColumbiaSC29210
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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 2901 Palace Dr, Columbia, SC, 29210 uses $77,903 cash to close to unlock $2,656/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $1,150/mo payment keeps the spread at $221/mo. Purchase price stands at $235,000, and rental yield measures 8.27% with $1,620/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 120.85% and total cumulative return in cash records $94,144. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.34 Acres 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: Hannah Norman • Real Broker LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #599977
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC