209 Palm Lake DrColumbiaSC29212
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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 209 Palm Lake Dr, Columbia, SC, 29212 listed at $1,275,000 pairs $3,485/mo rent with a $6,240/mo payment. Total monthly income runs $3,485/mo. Return on cash invested measures 8.06% in year one, and rental yield registers 3.28% at a $1,275,000 basis. Equity gained on principal adds $8,227/yr, and annual property appreciation at 5% supports $352,259 by year five. Five-year ROI tracks 39.03% and total cumulative return in cash totals $161,234. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,485/mo property income relative to a $6,240/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
7,405 sqft lot
$N/A/sqft
$1,600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29212, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,392 (100%) |
| Owner Occupied HU | 9,755 (67.8%) |
| Renter Occupied HU | 3,792 (26.3%) |
| Vacant Housing Units | 845 ( 5.9%) |
| Median Home Value | $261,900 |
| Average Home Value | $331,148 |
Housing Distribution
Address Breakdown
Residential
13,858
Single Family
11,610
Multi-Family
2,248
Businesses
828
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Listed by: Philip Smith • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #592394
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC