229 Laurel Meadows DrWest ColumbiaSC29169
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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 West Columbia at 229 Laurel Meadows Dr, West Columbia, SC, 29169 uses $96,102 cash to close to unlock $2,930/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,970/mo, and a $1,419/mo payment keeps the spread at $244/mo. Purchase price stands at $289,900, and rental yield measures 8.15% with $1,970/mo rent. Return on cash invested shows 22.96% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 118.92% and total cumulative return in cash records $114,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,970/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29169, West Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,168 (100%) |
| Owner Occupied HU | 6,385 (48.5%) |
| Renter Occupied HU | 5,258 (39.9%) |
| Vacant Housing Units | 1,525 (11.6%) |
| Median Home Value | $228,228 |
| Average Home Value | $289,891 |
Housing Distribution
Address Breakdown
Residential
11,662
Single Family
10,118
Multi-Family
1,544
Businesses
1,424
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Listed by: Karen Yip • Yip Premier Real Estate LLC
Mls Name: Consolidated MLS
Mls ID: #616896