504 Rapids Rd

Columbia, SC 29212
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3 bd, 2 ba | 1,261 sqft | Built in 1997

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List Price
$220,000

Initial Investment

$59,950

Purchase Price

$220,000

Down Payment

25%

Rent

$1,560

Total Return

$80,563

Annualized Return

18.1%

Cap Rate

5.1%

Gross Yield

8.5%

Cash Flow

-$1,530

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,276

HOA

$7/mo

Flood Risk

Not Required

Welcome home to this 3 bedroom 2 bath ranch home nestled in the Rapid's Subdivision in Columbia South Carolina! Zoned for award winning Lexington/Richland 5 School District! Upon entering the home you have a foyer that includes a coat closet that leads into the spacious living room with a vaulted ceiling! To the left of the living room you have your eat in kitchen that has plenty of counter, pantry and cabinet space! The sellers are leaving all the appliances that include refrigerator, range, counter top microwave, dishwasher, washer and dryer to the new buyer! The kitchen has new french doors that lead out to the backyard that includes a deck, shed and fully fenced in backyard! Both doors on the french doors swing out for a lovely open feeling in the kitchen. The backyard has been freshly landscaped and soded! All of the bedrooms include ceiling fans and cement floors. The primary bedroom has a walk in closet and private bathroom with single vanity and tub/shower! The two other bedrooms share a bathroom with a single vanity and tub/ shower. The sellers will be providing a brand new HVAC unit at closing to the new buyers! The home is located minutes away from Lake Murray and Harbison Boulevard that includes shopping, restaurants and entertainment! Check out our virtual tour on YouTube, Google or Facebook! Make this your next home today!

See more in Analysis
Chris deTreville
Auben Realty, LLC
GA Agent License #64566

Annual Financial Highlights

Expected Rent

$17,784

Expenses

-$3,254

Property Taxes

-$4,100

Loan Payments

-$11,960

Net Cash Flow

-$1,530

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Doreen Miller
NextHome Specialists
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceConsolidated MLS (CMLS)
MLS #597457
Last Updated: 11/22/2024 20:11
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