3129 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
Rental property for sale in Columbia at 3129 Barnes Springs Rd, Columbia, SC, 29204 priced at $385,000 pairs $3,541/mo rent with $1,250/mo cash flow after a $1,884/mo payment. Total monthly income equals $3,541/mo, and annual cash flow comes to $14,995/yr on $127,628 invested. Return on cash invested is 31.66% in year one, and rental yield stands at 11.04% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 165.54% and total cumulative return in cash reaches $211,270. For financing, Ziffy Mortgage’s DSCR program evaluates $3,541/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
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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Listed by: Steve Cowart • RE/MAX Advantage Group
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #590473
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC