211 Placid DrIrmoSC29063
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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 211 Placid Dr, Irmo, SC, 29063 priced at $379,000 converts $3,112/mo rent into $823/mo cash flow after a $1,855/mo obligation. Total monthly income equals $3,112/mo, and annual cash flow totals $9,871/yr on $125,639 invested. Return on cash invested prints 27.77% in year one, and rental yield reads 9.85% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 144.79% and total cumulative return in cash sums $181,907. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,112/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Single Family
Built in 2007
6,534 sqft lot
$N/A/sqft
$400 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: Jason Mack • ERA Wilder Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #590332
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC