124 Minehead RdIrmoSC29063
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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 Irmo at 124 Minehead Rd, Irmo, SC, 29063 uses $76,079 cash to close to unlock $5,473/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $1,822/mo, and a $1,123/mo payment keeps the spread at $456/mo. Purchase price stands at $229,500, and rental yield measures 9.53% with $1,822/mo rent. Return on cash invested shows 27.1% in year one, and 5% annual appreciation builds toward $63,407 over five years. Five-year ROI reaches 141.18% and total cumulative return in cash records $107,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,822/mo property income covering a $1,123/mo payment rather than investor’s personal income.
Single Family
Built in 1976
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29063, Irmo, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,409 (100%) |
| Owner Occupied HU | 12,745 (82.7%) |
| Renter Occupied HU | 2,104 (13.7%) |
| Vacant Housing Units | 560 ( 3.6%) |
| Median Home Value | $273,754 |
| Average Home Value | $346,566 |
Housing Distribution
Address Breakdown
Residential
15,078
Single Family
13,901
Multi-Family
1,177
Businesses
1,354
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Listed by: Kaytie Grubbs • Tzedi Co Realty
Mls Name: Consolidated MLS
Mls ID: #621919