957 Rocky Point Cir

This property presents an attractive opportunity for investors seeking a lakefront STR asset in Ridgeway, SC, with a flexible 2-bedroom layout (plus flex room) and direct water access. The underwriting projects robust monthly income and a high cash-on-cash return, making it suitable for investors prioritizing yield and recreational appeal. The absence of an HOA and ample storage for boats and RVs further enhance operational flexibility. The primary caveat is that the strong returns are sensitive to occupancy and nightly rate assumptions, which should be confirmed against local STR performance benchmarks.

Ridgeway, SC is a secondary market with appeal for lakefront vacationers and recreational travelers, particularly those seeking proximity to Lake Wateree. The property type—a single-family home with direct water access—positions it well for STR use, especially during peak seasons. While underwriting metrics are strong, investors should note that market depth and STR demand in this region may be more variable than in primary vacation markets, warranting moderate confidence in projections.

The property is situated on a private, level lot with direct lake frontage, offering strong guest appeal for families and groups seeking outdoor recreation. The residential character is likely quiet and rural, with ample space for boats and RVs, enhancing its attractiveness for vacation renters. However, detailed location-specific demand signals are limited, so conclusions about year-round STR performance should be treated with moderate confidence.

At a $375,000 purchase price, underwriting projects a monthly STR income of $5,111 and cash flow of $1,956, with a 31.3% cash-on-cash return based on a 62% occupancy rate and $271 ADR. Operating expenses are estimated at 25% of income, with no management fee assumed. These figures suggest strong income potential, but are highly sensitive to actual occupancy and nightly rates achieved; investors should validate these assumptions against local STR comps and consider the impact of seasonality and operational costs.