Off-Market Property at 229 Mariners Row, Columbia, SC, 29212

229 Mariners Row, Columbia, SC, 29212

$259,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $303 per day and long-term for an average of $1,776 per month, based on similar listings in the area. Estimated short-term cap rate of 10.6%. Estimated long-term cap rate of -0.8%. Incredible Price on this completely remodeled 3 bedroom, 3 full bath condo in Yacht Cove on Lake Murray! Beautiful Open Floor Plan with a bedroom and full bath on the main floor! This kitchen is open to the dining and living room with Granite counter tops, soft close cabinets and brand new appliances. Gorgeous stone accent fireplace for the cool winter evenings. Smooth ceilings, New Flooring and lighting throughout! Upstairs you find the true master bedroom with a large walk in closet and fully remodeled bath with double vanity and tub shower combo. Walk out onto the upper balcony with privacy fences! Plus a 3rd bedroom with it's own full bath. Walk in attic with plenty of storage space. This condo has it all! Yacht Cove is a gated Lake Murray waterfront community with a pool, clubhouse and marina. Ideally located a close to dining and shopping. Wet boat slips are $60mth and Dry Storage $$. HOA includes water, sewer and trash, exterior maintenance and landscaping. Walk along the lakefront boardwalk and enjoy the beautiful Lake Murray sunsets!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$382
Rental Policy
daily
Yearly Taxes
$2271
Bedrooms
3
Bathrooms
3
SQFT
1,688
Furnished
unknown
Year built
1980
Listing Status
Off Market
MLS
580018

Short-term Rental Potential
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$51,012

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$153

Price/SQFT

Long-term Rental Potential
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$21,312

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,776/mo

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