1029 River Rd NETownsendGA31331
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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
Total monthly income runs $1,748/mo, and a $3,181/mo payment. Purchase price stands at $650,000, and rental yield measures 3.23% with $1,748/mo rent. Return on cash invested shows 7.67% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 37.06% and total cumulative return in cash records $79,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,748/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.42 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 31331, Townsend, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,077 (100%) |
| Owner Occupied HU | 2,238 (54.9%) |
| Renter Occupied HU | 441 (10.8%) |
| Vacant Housing Units | 1,398 (34.3%) |
| Median Home Value | $226,210 |
| Average Home Value | $289,660 |
Housing Distribution
Address Breakdown
Residential
3,091
Single Family
3,066
Multi-Family
25
Businesses
165
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-20 | Price change | $650,000 |
| 2024-07-01 | Price change | $735,000 |
| 2024-05-21 | Listed for sale | $800,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1175.05 | 5.90% | $36,864 | 7.21% |
| 2022-10-16 | $1109.62 | -20.08% | $34,384 | -22.56% |
| 2021-10-16 | $1388.45 | 4.63% | $44,400 | 0.45% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1947
- Architectural Style: Traditional
- Building Area: 1,220
- Living Area: 1,220 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Carpet, Vinyl
- Interior Features: Other
- Exterior Features: Sprinkler System
- Parking Features: None
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: None
Utilities
- Utilities: Electricity Available, Phone Available, Sewer Connected, Water Available
- Sewer: Septic Tank
- Water Source: Shared Well
- Road Surface Type: N/A
School Information
- Elementary School: Todd Grant
- Middle School: Mcintosh County
- High School: Mcintosh Academy
Listed by: Charla Nail • Kelly Driggers Realty Corp
Mls Name: GAMLS
Mls Provider:
Mls ID: #10330678
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.