2915 Chestnut StColumbiaSC29204
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 2915 Chestnut St, Columbia, SC, 29204 priced at $115,000 converts $920/mo rent into $235/mo cash flow after a $563/mo obligation. Total monthly income equals $920/mo, and annual cash flow totals $2,824/yr on $38,123 invested. Return on cash invested prints 27.32% in year one, and rental yield reads 9.6% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 142.37% and total cumulative return in cash sums $54,273. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $920/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.35 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eugene Swank • Resource Realty Group
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #601504
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC