1002 N Madison StQuitmanGA31643
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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
Rental property for sale in Quitman at 1002 N Madison St, Quitman, GA, 31643 generates $2,171/mo in rent and, after a $1,468/mo payment, leaves $346/mo in cash flow. Total monthly income is $2,171/mo, and annual cash flow is $4,146/yr on $99,450 invested. Return on cash invested sits at 24.08% in year one, and rental yield is 8.68% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 125.08% and total cumulative return in cash sums $124,392. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,171/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31643, Quitman, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,926 (100%) |
| Owner Occupied HU | 2,240 (57.1%) |
| Renter Occupied HU | 1,184 (30.2%) |
| Vacant Housing Units | 502 (12.8%) |
| Median Home Value | $158,147 |
| Average Home Value | $243,631 |
Housing Distribution
Address Breakdown
Residential
3,588
Single Family
3,491
Multi-Family
97
Businesses
345
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