5516 Lakeshore Dr APT 505, Columbia, SC, 29206 | $32/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Columbia at 5516 Lakeshore Dr APT 505, Columbia, SC, 29206 offers a 9.6% rental yield on a $132,900 purchase with $1,063/mo rent. Total monthly income registers $1,063/mo, and a $650/mo payment leaves $32/mo available for distribution. Annual cash flow reaches $388/yr on $44,056 to close, and return on cash invested stands at 20.79% in year one. Equity gained on principal adds $858/yr while 5% annual appreciation supports $36,718 over five years. Portfolio math shows five-year ROI at 109.72% and total cumulative return in cash at $48,337. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,063/mo property income against a $650/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1968

N/A lot

$N/A/sqft

$240 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