709 Meadowlake DrColumbiaSC29203
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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 709 Meadowlake Dr, Columbia, SC, 29203 priced at $125,000 converts $1,818/mo rent into $1,074/mo cash flow after a $612/mo obligation. Total monthly income equals $1,818/mo, and annual cash flow totals $12,885/yr on $41,438 invested. Return on cash invested prints 51% in year one, and rental yield reads 17.45% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 269.3% and total cumulative return in cash sums $111,593. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,818/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29203, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,188 (100%) |
| Owner Occupied HU | 9,182 (47.9%) |
| Renter Occupied HU | 7,860 (41.0%) |
| Vacant Housing Units | 2,146 (11.2%) |
| Median Home Value | $190,357 |
| Average Home Value | $287,559 |
Housing Distribution
Address Breakdown
Residential
16,935
Single Family
15,872
Multi-Family
1,063
Businesses
1,170
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Listed by: Nick Huscroft • Chosen Realty LLC
Mls Name: Consolidated MLS
Mls ID: #619088