269 Cogburn Rd

Columbia, SC 29229
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3 bd, 3 ba | 1,812 sqft | Built in 2009

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List Price
$230,000

Initial Investment

$59,133

Purchase Price

$217,000

Down Payment

25%

Rent

$1,750

Total Return

$50,793

Annualized Return

11.9%

Cap Rate

3.4%

Gross Yield

9.7%

Cash Flow

-$4,988

Appreciation

6.2%
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Features

Occupancy

Occupied

Lease Up Guarantee

Yes

Lease Start

-

Lease End

-

Lot Size

8,712

HOA

$250/mo

Flood Risk

Not Required

Investment Opportunity - Tenant in place since June 2021 and continue until June 30,2023, tenant wish to renew the lease after it will expire in June 2023. Current rent is $1,350 monthly through Landmark Property Management. 3 Bedroom / 2 and half bathroom home remains in good shape and condition. Home is located in a desired area, near Lowe's, Kroger, Auto dealers, Restaurant on Killian Road, and I-77.

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

Annual Financial Highlights

Expected Rent

$19,950

Expenses

-$7,344

Property Taxes

-$5,796

Loan Payments

-$11,797

Net Cash Flow

-$4,988

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:Gary Vo
United Real Estate SC
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceConsolidated MLS (CMLS)
MLS #549983
Last Updated: 09/23/2022 15:09
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