115 Meech St

Columbia, SC 29210
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3 bd, 2 ba | 1,548 sqft | Built in 1959

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List Price
$138,900

Initial Investment

$40,850

Purchase Price

$138,900

Down Payment

25%

Rent

$1,200

Total Return

$46,463

Annualized Return

16.0%

Cap Rate

5.3%

Gross Yield

10.4%

Cash Flow

-$917

Appreciation

6.9%
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Features

Occupancy

Vacant

Lot Size

13,939

HOA

None

Flood Risk

Not Required

Great investment opportunity. Charming 3 bedroom, 2 bath, midcentury brick ranch in the established Riverside Park neighborhood. Nice-sized lot w/ brick patio in backyard. Beautiful real hardwood floors throughout the home, updated ceramic tile in the kitchen and master bath. Spacious living room off foyer. Large open kitchen features an eat-in dining area, solid surface counter tops and included white electric stove, dishwasher, and refrigerator. Formal dining room off kitchen can also be used as a den or office. Master suite has an updated full bathroom w/ tile floors, walk-in shower, and round window. Two more bedrooms and a 2nd full bathroom w/ original tile and tub/shower off the hall. Laundry/utility room off driveway has storage and full-size W/D connections. Convenient location minutes from I-20/I-26 interchange, Riverbanks Zoo, Harbison shopping, and Downtown Columbia. Richland 1 Schools. Currently leased month-to-month as of 3/15/21. 12-month lease rate is $1024, due for increase. Zillow Rent Zestimate is $1195.

See more in Analysis
Matt Crawford
The Montgomery Company LLC
SC Agent License #106717

Annual Financial Highlights

Expected Rent

$13,680

Expenses

-$3,446

Property Taxes

-$3,600

Loan Payments

-$7,551

Net Cash Flow

-$917

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Caspar Mabry
Turner Properties Inc
Certified Agent Brokerage:Matt Crawford
The Montgomery Company LLC
SC Brokerage License 21044
SourceMLS #512966
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