Off-Market Property at 315 Regatta Rd, Columbia, SC, 29212

315 Regatta Rd, Columbia, SC, 29212

$1,650,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $350 per day and long-term for an average of $1,778 per month, based on similar listings in the area. Estimated short-term cap rate of -2.8%. Estimated long-term cap rate of -6.1%. This Lake Murray property boasts an impressive 261-foot shoreline with year-round deep water. Nestled at 315 Regatta Road, this residence offers unparalleled views of Lake Murray, making it one of the prime locations. Situated on a generous 1.49-acre lot, the property features two docks and a concrete boat ramp for convenient lake access. Additionally, there's a separate 4 bay/workshop and detached garage, perfect for easy boat storage. The home, constructed in 1997, reflects superior craftsmanship with a custom touch evident throughout. The single-story dwelling incorporates a spacious attached garage, alongside a workshop area connected to the side room of the garage. Inside, you'll find three bedrooms and two baths, complemented by a sizable living area that affords breathtaking views of Lake Murray. The discerning new owner will have the opportunity to enhance and transform this well-built home into the next coveted Lake Murray retreat. Conveniently located near Lake Murray Dam, this property offers easy access to both Irmo and Lexington, presenting an ideal balance between tranquility and accessibility.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$16932
Bedrooms
3
Bathrooms
2
SQFT
1,961
Furnished
unknown
Year built
1997
Listing Status
Off Market
MLS
571767

Short-term Rental Potential
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$76,044

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$841

Price/SQFT

Long-term Rental Potential
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$21,336

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,778/mo

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