1414 Riverwalk WayIrmoSC29063
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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 1414 Riverwalk Way, Irmo, SC, 29063 offers a 9.3% rental yield on a $194,900 purchase with $1,510/mo rent. Total monthly income registers $1,510/mo, and a $954/mo payment leaves $350/mo available for distribution. Annual cash flow reaches $4,197/yr on $64,609 to close, and return on cash invested stands at 26.4% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 137.39% and total cumulative return in cash at $88,767. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,510/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
9,147 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: Isabella Frazier • Trelora Realty Inc
Mls Name: Consolidated MLS
Mls ID: #622698