16 Lake CtColumbiaSC29206
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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
Investment property for sale in Columbia at 16 Lake Ct, Columbia, SC, 29206 at $359,995 posts ROI 29.2% with $924/mo cash flow from $3,067/mo rent. Total monthly income equals $3,067/mo, and annual cash flow records $11,088/yr on $119,338 to close. Return on cash invested measures 29.2% and rental yield reads 10.22% at the current $359,995. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,460 by year five. Five-year ROI prints 152.33% and total cumulative return in cash totals $181,784.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,067/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29206, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,750 (100%) |
| Owner Occupied HU | 6,005 (61.6%) |
| Renter Occupied HU | 2,934 (30.1%) |
| Vacant Housing Units | 811 ( 8.3%) |
| Median Home Value | $366,544 |
| Average Home Value | $456,006 |
Housing Distribution
Address Breakdown
Residential
9,518
Single Family
8,079
Multi-Family
1,439
Businesses
554
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Listed by: Randal Longo • ISave Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #590780
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC