804 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 804 Riverwalk Way, Irmo, SC, 29063 priced at $234,750 converts $1,835/mo rent into $438/mo cash flow after a $1,149/mo obligation. Total monthly income equals $1,835/mo, and annual cash flow totals $5,251/yr on $77,820 invested. Return on cash invested prints 26.66% in year one, and rental yield reads 9.38% against a $234,750 entry. Equity gained on principal adds $1,515/yr, while 5% annual appreciation compiles into $64,857 by year five. Five-year ROI reaches 138.73% and total cumulative return in cash sums $107,962. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,835/mo property income covering a $1,149/mo payment, not borrower’s personal income.
Single Family
Built in 1991
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: Melanie Schramm-Sturkie • EXIT Real Est Consultants
Mls Name: Consolidated MLS
Mls ID: #615209