108 Norwood DrStatesboroGA30458
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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 Statesboro at 108 Norwood Dr, Statesboro, GA, 30458 uses $85,859 cash to close to unlock $9,580/yr annual cash flow and $798/mo monthly cash flow. Total monthly income runs $2,375/mo, and a $1,268/mo payment keeps the spread at $798/mo. Purchase price stands at $259,000, and rental yield measures 11% with $2,375/mo rent. Return on cash invested shows 31.07% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 162.56% and total cumulative return in cash records $139,576. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,375/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30458, Statesboro, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,226 (100%) |
| Owner Occupied HU | 7,056 (33.2%) |
| Renter Occupied HU | 11,701 (55.1%) |
| Vacant Housing Units | 2,469 (11.6%) |
| Median Home Value | $256,340 |
| Average Home Value | $297,313 |
Housing Distribution
Address Breakdown
Residential
16,957
Single Family
15,418
Multi-Family
1,539
Businesses
1,531
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Listed by: Paul Newman • Statesboro Real Estate & Investments
Mls Name: GAMLS
Mls ID: #10649625