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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Albany at 1021 Summit Dr, Albany, GA, 31707 offers a 10.55% rental yield on a $220,000 purchase with $1,934/mo rent. Total monthly income registers $1,934/mo, and a $1,077/mo payment leaves $578/mo available for distribution. Annual cash flow reaches $6,936/yr on $72,930 to close, and return on cash invested stands at 29.42% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 153.8% and total cumulative return in cash at $112,163. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,934/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31707, Albany, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,486 (100%) |
| Owner Occupied HU | 4,426 (38.5%) |
| Renter Occupied HU | 5,678 (49.4%) |
| Vacant Housing Units | 1,382 (12.0%) |
| Median Home Value | $143,424 |
| Average Home Value | $181,357 |
Residential
11,610
Single Family
10,660
Multi-Family
950
Businesses
1,341
Date | Event | Price |
|---|---|---|
| 2025-08-16 | Listed for sale | $220,000 |
| 2020-03-24 | Sold | $130,681 |
| 2019-07-22 | Sold | $130,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-18 | $2029.47 | 7.86% | $43,400 | N/A |
| 2022-08-18 | $1881.56 | -0.23% | $43,400 | N/A |
| 2021-08-18 | $1885.98 | -0.38% | $43,400 | N/A |
Listed by: Haley Owens • Re/Max Of Albany
Mls Name: SWGMLS
Mls ID: #166559
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
