617 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
Rental property for sale in Irmo at 617 Riverwalk Way, Irmo, SC, 29063 generates $1,872/mo in rent and, after a $1,101/mo payment, leaves $533/mo in cash flow. Total monthly income is $1,872/mo, and annual cash flow is $6,395/yr on $74,588 invested. Return on cash invested sits at 28.48% in year one, and rental yield is 9.98% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 148.51% and total cumulative return in cash sums $110,769. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,872/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.26 Acres 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: Chad Williams • The Real Estate Brokerage
Mls Name: Consolidated MLS
Mls ID: #623847