609 Lake Forest RdColumbiaSC29209
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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 609 Lake Forest Rd, Columbia, SC, 29209 uses $66,267 cash to close to unlock $1,457/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $1,531/mo, and a $978/mo payment keeps the spread at $121/mo. Purchase price stands at $199,900, and rental yield measures 9.19% with $1,531/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 115.81% and total cumulative return in cash records $76,741. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,531/mo property income covering a $978/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
1,306 sqft lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29209, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,612 (100%) |
| Owner Occupied HU | 10,573 (60.0%) |
| Renter Occupied HU | 6,085 (34.6%) |
| Vacant Housing Units | 954 ( 5.4%) |
| Median Home Value | $223,804 |
| Average Home Value | $311,122 |
Housing Distribution
Address Breakdown
Residential
16,357
Single Family
14,261
Multi-Family
2,096
Businesses
855
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Listed by: Rawlings Lamotte • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #605662
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC