2 Margate CtIrmoSC29063
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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
Rental property for sale in Irmo at 2 Margate Ct, Irmo, SC, 29063 generates $2,431/mo in rent and, after a $1,248/mo payment, leaves $913/mo in cash flow. Total monthly income is $2,431/mo, and annual cash flow is $10,958/yr on $84,533 invested. Return on cash invested sits at 32.87% in year one, and rental yield is 11.44% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 172.09% and total cumulative return in cash sums $145,472. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,431/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
10,454 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: Brandon M Hoffman • Keller Williams Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #599419
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC