3040 Barnes Springs RdColumbiaSC29204
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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 3040 Barnes Springs Rd, Columbia, SC, 29204 at $241,000 posts ROI 43.87% with $1,595/mo cash flow from $3,030/mo rent. Total monthly income equals $3,030/mo, and annual cash flow records $19,139/yr on $79,892 to close. Return on cash invested measures 43.87% and rental yield reads 15.09% at the current $241,000. Equity gained on principal adds $1,555/yr, and 5% annual appreciation supports $66,584 by year five. Five-year ROI prints 230.99% and total cumulative return in cash totals $184,540.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,030/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
0.40 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
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