137 Southlake RdColumbiaSC29223
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Columbia at 137 Southlake Rd, Columbia, SC, 29223 offers $2,874/mo rent that, after a $2,447/mo payment. Total monthly income is $2,874/mo. Return on cash invested measures 19.17% in year one, and rental yield stands at 6.9% at a $500,000 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,141 by year five. Five-year ROI records 98.56% and total cumulative return in cash reaches $163,364. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,874/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29223, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,326 (100%) |
| Owner Occupied HU | 13,839 (54.6%) |
| Renter Occupied HU | 9,663 (38.2%) |
| Vacant Housing Units | 1,824 ( 7.2%) |
| Median Home Value | $237,719 |
| Average Home Value | $279,017 |
Housing Distribution
Address Breakdown
Residential
23,768
Single Family
18,656
Multi-Family
5,112
Businesses
1,541
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Bryant • Southern Dreams Realty
Mls Name: Consolidated MLS
Mls ID: #616524