253 Ridgehill DrLexingtonSC29073
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
Investment property for sale in Lexington at 253 Ridgehill Dr, Lexington, SC, 29073 at $209,900 posts ROI 22.6% with $156/mo cash flow from $1,405/mo rent. Total monthly income equals $1,405/mo, and annual cash flow records $1,870/yr on $69,582 to close. Return on cash invested measures 22.6% and rental yield reads 8.03% at the current $209,900. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 by year five. Five-year ROI prints 116.94% and total cumulative return in cash totals $81,368.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,405/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
0.58 Acres 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: Susan J Zimmer • TurnKey Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #599514
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC