204 Augusta St West Columbia, SC 29169
2bd, 1ba | 924sqft | Built in 1900
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Initial Investment
$71,563
List Price: $62,500
Purchase Price
$62,500
Down Payment
100%
Rent
$695

Total Return
$18,866
Annualized Return
5.4%
Cap Rate
7.7%
Gross Yield
13.3%
Cash Flow
$4,325
Appreciation
2.2%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
05/01/2019 
Lease End
04/30/2020 
Lot Size
4,792 
HOA
None
Flood Risk
Not Required
  • Structural Engineer inspection recommended
  • Two-bedroom cottage with sun porch and picket fence
  • Mature neighborhood close to parks, river, downtown (2 mi) and University of South Carolina)
  • Solid cap rate

Annual Financial Highlight
Expected Rent
$7,923
Expenses
-$2,298
Property Taxes
-$1,300
Loan Payments
$0

Net Cash Flow
$4,325
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

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

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