104 Ridge Terrace LnLexingtonSC29073
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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
Investment property for sale in Lexington at 104 Ridge Terrace Ln, Lexington, SC, 29073 uses $71,770 cash to close to unlock $8,710/yr annual cash flow and $726/mo monthly cash flow. Total monthly income runs $2,015/mo, and a $1,060/mo payment keeps the spread at $726/mo. Purchase price stands at $216,500, and rental yield measures 11.17% with $2,015/mo rent. Return on cash invested shows 32.05% in year one, and 5% annual appreciation builds toward $59,815 over five years. Five-year ROI reaches 167.63% and total cumulative return in cash records $120,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,015/mo property income covering a $1,060/mo payment rather than investor’s personal income.
Single Family
Built in 2008
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29073, Lexington, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,366 (100%) |
| Owner Occupied HU | 17,189 (80.5%) |
| Renter Occupied HU | 2,899 (13.6%) |
| Vacant Housing Units | 1,278 ( 6.0%) |
| Median Home Value | $239,149 |
| Average Home Value | $263,127 |
Housing Distribution
Address Breakdown
Residential
21,069
Single Family
20,814
Multi-Family
255
Businesses
883
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Listed by: Suzanne Fives • Todd Realty Partners
Mls Name: Consolidated MLS
Mls ID: #615937