2924 Hope AveColumbiaSC29205
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
Investment property for sale in Columbia at 2924 Hope Ave, Columbia, SC, 29205 uses $76,212 cash to close to unlock $6,848/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $1,939/mo, and a $1,125/mo payment keeps the spread at $571/mo. Purchase price stands at $229,900, and rental yield measures 10.12% with $1,939/mo rent. Return on cash invested shows 28.89% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 150.73% and total cumulative return in cash records $114,875. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,939/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1947
7,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29205, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,610 (100%) |
| Owner Occupied HU | 6,798 (49.9%) |
| Renter Occupied HU | 5,092 (37.4%) |
| Vacant Housing Units | 1,720 (12.6%) |
| Median Home Value | $346,573 |
| Average Home Value | $420,577 |
Housing Distribution
Address Breakdown
Residential
12,188
Single Family
10,741
Multi-Family
1,447
Businesses
780
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A