Newly Updated 3/2 Condo, Columbia, SC (Possible Buy-n-Hold)

[Ashley Jackson]

Address: 1700 Ashford Lane, Columbia, SC 29210

Beds: 3     Baths: 2    Sq. Ft.: 1210   Year Built: 1972

Regime Fee: $182 (includes water, trash, sewer, ground and common area maintenance, use of tennis court and pool)

Taxes: $900/year

Insurance: $300/year

This lower-level, one story garden condo is conveniently located near 1-26, 1-20, downtown Columbia, dinging, shopping and a golf course. The owners recently renovated the property. So, no repairs are necessary. 

This property is not currently occupied by a tenant, but is turn-key ready. The average rent in the area for a property like this is $750. 

I am asking $30,000 for it. The ARV is $35,700. Cap Rate: 13.02%; Cash-on-Cash ROI: 12.60%.

Please PM me for a more detailed analysis. Thanks!

Ashley J.