229 Ridgehill Dr

Lexington, SC 29073
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3 bd, 2 ba | 1,441 sqft | Built in 2004

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List Price
$258,000

Initial Investment

$70,305

Purchase Price

$258,000

Down Payment

25%

Rent

$1,780

Total Return

$104,327

Annualized Return

20.2%

Cap Rate

5.9%

Gross Yield

8.3%

Cash Flow

$304

Appreciation

7.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

21,344

HOA

None

Flood Risk

Not Required

Check out this stunner! This home has Partial flooring replacement in some areas. Easily flow from room to room with this great floor plan. Relax in your primary suite with a walk in closet included. The primary bathroom is fully equipped with a separate tub and shower, double sinks, and plenty of under sink storage. The back yard is the perfect spot to kick back with the included sitting area. Don't wait! Make this beautiful home yours. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.

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NEIGHBORHOOD

SCHOOLS

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Chris deTreville
Auben Realty, LLC
GA Agent License #64566

Annual Financial Highlights

Expected Rent

$20,292

Expenses

-$3,612

Property Taxes

-$2,350

Loan Payments

-$14,026

Net Cash Flow

$304

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Thomas Shoupe
Agent License 85799
Opendoor Brokerage LLC
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceConsolidated MLS (CMLS)
MLS #606458
Last Updated: 04/15/2025 22:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.