1021 Ridge TerGreensboroGA30642
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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
Investment property for sale in Greensboro at 1021 Ridge Ter, Greensboro, GA, 30642 offers a 9.17% rental yield on a $745,000 purchase with $5,690/mo rent. Total monthly income registers $5,690/mo, and a $3,646/mo payment leaves $1,019/mo available for distribution. Annual cash flow reaches $12,230/yr on $245,105 to close, and return on cash invested stands at 25.05% in year one. Equity gained on principal adds $4,807/yr while 5% annual appreciation supports $205,830 over five years. Portfolio math shows five-year ROI at 130.49% and total cumulative return in cash at $319,844. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,690/mo property income against a $3,646/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.69 Acres lot
$N/A/sqft
$1,645 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30642, Greensboro, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,860 (100%) |
| Owner Occupied HU | 5,509 (62.2%) |
| Renter Occupied HU | 1,395 (15.7%) |
| Vacant Housing Units | 1,956 (22.1%) |
| Median Home Value | $598,488 |
| Average Home Value | $720,147 |
Housing Distribution
Address Breakdown
Residential
8,449
Single Family
8,065
Multi-Family
384
Businesses
711
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Listed by: Chip Perry • Reynolds Lake Oconee Properties
Mls Name: LCBOR
Mls Provider:
Mls ID: #63278
Disclaimer: Copyright Lake Country Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.