5516 Lakeshore Dr APT 716ColumbiaSC29206
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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 5516 Lakeshore Dr APT 716, Columbia, SC, 29206 offers a 9.65% rental yield on a $157,000 purchase with $1,263/mo rent. Total monthly income registers $1,263/mo, and a $768/mo payment leaves $8/mo available for distribution. Annual cash flow reaches $94/yr on $52,046 to close, and return on cash invested stands at 20.09% in year one. Equity gained on principal adds $1,013/yr while 5% annual appreciation supports $43,376 over five years. Portfolio math shows five-year ROI at 106.17% and total cumulative return in cash at $55,256. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,263/mo property income against a $768/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
1,306 sqft lot
$N/A/sqft
$321 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: Rawlings Lamotte • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #606548
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC