121 Freestone Ln

Lexington, SC 29073
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3 bd, 2 ba | 1,470 sqft | Built in 1977

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List Price
$259,000

Initial Investment

$70,578

Purchase Price

$259,000

Down Payment

25%

Rent

$1,730

Total Return

$101,153

Annualized Return

19.5%

Cap Rate

5.6%

Gross Yield

8.0%

Cash Flow

-$369

Appreciation

7.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

20,038

HOA

None

Flood Risk

Not Required

121 Freestone Lane, Lexington, SC 29073 – This charming brick ranch is situated in a quiet, highly sought-after neighborhood within the Lexington 1 school district. This property features a nicely landscaped backyard with a beautiful inground pool with a new pump, shaded patio, and a new steel garage with power. A drive-through gate, privacy fence, and automatic lighting add convenience and security. The home has been updated with brand-new double-pane windows, a new roof, and maintenance-free trim. Additional features include a central vacuum system, water softener, and sprinkler system. All appliances, including the washer, dryer, refrigerator, range, and dishwasher, convey. Inside, you’ll find a spacious living room, a formal dining room (which could also serve as an office), and a large eat-in kitchen. The attached two-car garage offers built-in storage shelves and newer insulated doors. This well-maintained home is located in a prime Lexington area with very low taxes. Schedule your showing today!

See more in Analysis
Chris deTreville
Auben Realty, LLC
GA Agent License #64566

Annual Financial Highlights

Expected Rent

$19,722

Expenses

-$3,511

Property Taxes

-$2,500

Loan Payments

-$14,081

Net Cash Flow

-$369

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

Why choose?
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:Sami Hashash
American Dream Realty
Certified Agent Brokerage:Chris deTreville
Auben Realty, LLC
GA Brokerage License H-67288
SourceConsolidated MLS (CMLS)
MLS #597306
Last Updated: 11/20/2024 18:11
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