1046 Wheel House Ln #BMonroeGA30655
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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 Monroe at 1046 Wheel House Ln #B, Monroe, GA, 30655 offers a 18.15% rental yield on a $134,900 purchase with $2,040/mo rent. Total monthly income registers $2,040/mo, and a $660/mo payment leaves $1,219/mo available for distribution. Annual cash flow reaches $14,631/yr on $44,719 to close, and return on cash invested stands at 52.63% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 278.23% and total cumulative return in cash at $124,421. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30655, Monroe, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,019 (100%) |
| Owner Occupied HU | 7,579 (63.1%) |
| Renter Occupied HU | 3,844 (32.0%) |
| Vacant Housing Units | 596 ( 5.0%) |
| Median Home Value | $361,128 |
| Average Home Value | $383,636 |
Housing Distribution
Address Breakdown
Residential
11,277
Single Family
11,126
Multi-Family
151
Businesses
1,077
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Listed by: Nikki Crowder • Solutions First Realty LLC
Mls Name: GAMLS
Mls Provider:
Mls ID: #10425608
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.