1017 Drake St,Columbia,SC,29209

Investment Highlights

Investment property for sale in Columbia at 1017 Drake St, Columbia, SC, 29209 offers a 10.62% rental yield on a $234,900 purchase with $2,078/mo rent. Total monthly income registers $2,078/mo, and a $1,150/mo payment leaves $679/mo available for distribution. Annual cash flow reaches $8,153/yr on $77,869 to close, and return on cash invested stands at 30.38% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 158.72% and total cumulative return in cash at $123,597. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,078/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.