240 River Front DrIrmoSC29063
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 240 River Front Dr, Irmo, SC, 29063 offers $3,677/mo rent that, after a $2,251/mo payment, leaves $869/mo cash flow. Total monthly income is $3,677/mo, and annual cash flow is $10,431/yr on $152,457 cash. Return on cash invested measures 26.75% in year one, and rental yield stands at 9.59% at a $459,900 entry. Equity gained on principal adds $2,968/yr while 5% annual appreciation compounds into $127,062 by year five. Five-year ROI records 139.44% and total cumulative return in cash reaches $212,586. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,677/mo property income versus a $2,251/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.30 Acres lot
$N/A/sqft
$210 quarterly 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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Nearby investment properties with comparable prices
Listed by: Dana Jones • SM South Carolina Brokerage LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #587924
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC