3218 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 3218 Barnes Springs Rd, Columbia, SC, 29204 uses $57,316 cash to close to unlock $19,692/yr annual cash flow and $1,641/mo monthly cash flow. Total monthly income runs $2,670/mo, and a $846/mo payment keeps the spread at $1,641/mo. Purchase price stands at $172,900, and rental yield measures 18.53% with $2,670/mo rent. Return on cash invested shows 54.27% in year one, and 5% annual appreciation builds toward $47,769 over five years. Five-year ROI reaches 286.84% and total cumulative return in cash records $164,408. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,670/mo property income covering a $846/mo payment rather than investor’s personal income.
Single Family
Built in 2013
9,500 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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