3214 Lakewood AveColumbiaSC29201
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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 3214 Lakewood Ave, Columbia, SC, 29201 uses $125,937 cash to close to unlock $3,323/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $2,538/mo, and a $1,859/mo payment keeps the spread at $277/mo. Purchase price stands at $379,900, and rental yield measures 8.02% with $2,538/mo rent. Return on cash invested shows 22.55% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 116.67% and total cumulative return in cash records $146,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,538/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Single Family
Built in 1948
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29201, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,548 (100%) |
| Owner Occupied HU | 2,816 (19.4%) |
| Renter Occupied HU | 9,199 (63.2%) |
| Vacant Housing Units | 2,533 (17.4%) |
| Median Home Value | $266,991 |
| Average Home Value | $296,553 |
Housing Distribution
Address Breakdown
Residential
11,749
Single Family
5,092
Multi-Family
6,657
Businesses
2,441
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Listed by: Kate Sweeten • RE/MAX At The Lake
Mls Name: Consolidated MLS
Mls ID: #611269