2923 Magnolia 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 2923 Magnolia St, Columbia, SC, 29204 listed at $162,000 pairs $1,532/mo rent with a $793/mo payment to leave $568/mo cash flow. Total monthly income runs $1,532/mo, and annual cash flow reaches $6,811/yr on $53,703 cash to close. Return on cash invested measures 32.59% in year one, and rental yield registers 11.35% at a $162,000 basis. Equity gained on principal adds $1,045/yr, and annual property appreciation at 5% supports $44,758 by year five. Five-year ROI tracks 170.59% and total cumulative return in cash totals $91,613. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,532/mo property income relative to a $793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
7,492 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: Mary Twitty • AVS Realty
Mls Name: Consolidated MLS
Mls ID: #614064