5516 Lakeshore Dr #504ColumbiaSC29206
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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 5516 Lakeshore Dr #504, Columbia, SC, 29206 generates $1,056/mo in rent, after a $678/mo payment. Total monthly income is $1,056/mo. Return on cash invested sits at 18.74% in year one, and rental yield is 9.15% on a $138,500 entry. Equity gained on principal adds $894/yr, while 5% annual appreciation builds toward $38,265 over five years. Five-year ROI reaches 98.97% and total cumulative return in cash sums $45,439. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,056/mo property income rather than buyer’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$276 monthly 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: Brandi Clarkson • Fathom Realty SC LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #614308
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC