Mark Mynhier Keller Williams Columbia
States: South Carolina
Counties: Richland, Lexington, Newberry, Saluda, Kershaw
Cities and Towns: Columbia, Irmo, Lake Murray, Cayce, Lexington, Newberry, Chapin
Licensed Since: 1997 | SC License # 122555
About Mark Mynhier
Mark Mynhier is an Air Force Veteran and a retired forensic photographer. He has a history of service to his country and to his community. Now, he brings his commitment to Real Estate and is helping individuals find investment homes to help fulfill their financial goals. Mark initially obtained his Real Estate license almost 25 years ago and worked with commercial real estate, working with one of Los Angeles’ largest commercial real estate management firms. After that, he became an investor where he bought, rehabbed, and resold homes. He successfully flipped 11 homes which were, in total, purchased for approximately $3.25 million and sold for approximately $4.1 million. Mark made money on every flip due to his attention to the details and holding contractors and other individuals in the agreement accountable. In 2017, he has started working with Keller Williams Executive in Los Angeles and is now licensed to work in the South Carolina market. He brings that same work ethic to a new community. Mark has the skills to look over every job to help make the decision on whether the property has value as an investment.
One of the other assets that Mark brings is his close working relationship with Midlands Property Management. If you want to buy an investment property but don't want to deal with tenants Mark will connect you together to ensure that your property is well taken care of and minimize your worries as a landlord.
Whether you are a new investor, a seasoned professional, or someone who is looking for their first investment home Mark is the Realtor that you can count on as YOUR Realtor.
Market Overview
Making the #1 spot on Realtor.com's "Best Cities in the United States to flip houses in" Columbia, SC is a booming marketplace. But the growth in Columbia isn’t a new phenomenon. It was listed as one of the hottest markets in 2020, and a spike in population means builders have been breaking ground on tons of new construction. That’s offsetting inventory shortages that are happening in the rest of the country, so flippers have plenty of older properties left to fix up. They can still get them dirt-cheap and turn them around for a profit. According to Realtor.com the median list price is $275,000, median profit on a flip is $61,667 which translates in to a median profit percentage of 7.9%. You can't beat those numbers.
Add to that the booming economy of South Carolina and the tax friendly environment, it brings in retirees and people who can work from anywhere who are are flooding the market seeking out more affordable housing. As a bonus to those newly coming in the University of South Carolina is here, which provides a steady stream of college students looking for a place to stay or a room to rent. Win/win/win!!!
Investment Price Points
When looking to purchase a home to flip, the mid-Carolinas has properties that range from below $100,000 to $150,000. The prices are even lower when you leave the main city areas. While finding solid homes to flip is always a challenge in any market, there are many older homes in B and C neighborhoods that have been neglected and simply need the financial backing to make them shine again.
When looking at rentals, there are prime areas that can be found in the $125,000 and above range. Near the college and the capital the prices will be closer to the $150,000 and would possibly reach an 8 CAP or higher. For the more luxury properties, Lake Murray is a very popular destination, whether as an AirBnB, vacation rental, or executive rental. These are premium homes with premium prices, for South Carolina. Depending on your investment strategy your profits could vary significantly. Many middle class neighborhoods have houses in turnkey condition in the $175,000-$250,000 range.
Free Report: Demographic and Housing Data on the Columbia Market
Would you like free demographic and housing data on the Columbia market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Columbia is right for you! Click here to get your free report.
