15 N Lake Pointe DrColumbiaSC29229
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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 15 N Lake Pointe Dr, Columbia, SC, 29229 priced at $180,000 pairs $1,679/mo rent with $414/mo cash flow after a $881/mo payment. Total monthly income equals $1,679/mo, and annual cash flow comes to $4,962/yr on $59,670 invested. Return on cash invested is 28.22% in year one, and rental yield stands at 11.19% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 148.61% and total cumulative return in cash reaches $88,673. For financing, Ziffy Mortgage’s DSCR program evaluates $1,679/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1988
1,481 sqft lot
$N/A/sqft
$194 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29229, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,849 (100%) |
| Owner Occupied HU | 16,516 (75.6%) |
| Renter Occupied HU | 4,178 (19.1%) |
| Vacant Housing Units | 1,155 ( 5.3%) |
| Median Home Value | $264,697 |
| Average Home Value | $299,180 |
Housing Distribution
Address Breakdown
Residential
21,627
Single Family
19,314
Multi-Family
2,313
Businesses
1,141
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Listed by: Arleen Irby • First Trust Real Est Serv LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #593691
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC