186 Cedar Chase LnIrmoSC29063
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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 186 Cedar Chase Ln, Irmo, SC, 29063 uses $139,230 cash to close to unlock $4,872/yr annual cash flow and $406/mo monthly cash flow. Total monthly income runs $2,944/mo, and a $2,056/mo payment keeps the spread at $406/mo. Purchase price stands at $420,000, and rental yield measures 8.41% with $2,944/mo rent. Return on cash invested shows 23.41% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 121.4% and total cumulative return in cash records $169,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,944/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Single Family
Built in 2019
8,712 sqft lot
$N/A/sqft
$450 annually 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: Renee Friar • Home Advantage Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #599652
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC