3502 Grand StColumbiaSC29203
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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 3502 Grand St, Columbia, SC, 29203 priced at $112,000 converts $888/mo rent into $221/mo cash flow after a $548/mo obligation. Total monthly income equals $888/mo, and annual cash flow totals $2,658/yr on $37,128 invested. Return on cash invested prints 27.07% in year one, and rental yield reads 9.51% against a $112,000 entry. Equity gained on principal adds $723/yr, while 5% annual appreciation compiles into $30,944 by year five. Five-year ROI reaches 140.99% and total cumulative return in cash sums $52,347. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $888/mo property income covering a $548/mo payment, not borrower’s personal income.
Single Family
Built in 1949
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29203, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,188 (100%) |
| Owner Occupied HU | 9,182 (47.9%) |
| Renter Occupied HU | 7,860 (41.0%) |
| Vacant Housing Units | 2,146 (11.2%) |
| Median Home Value | $190,357 |
| Average Home Value | $287,559 |
Housing Distribution
Address Breakdown
Residential
16,935
Single Family
15,872
Multi-Family
1,063
Businesses
1,170
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Listed by: Chris Detreville • Auben Realty LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #597486
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC