113 Nowell StMonroeGA30655
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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
Rental property for sale in Monroe at 113 Nowell St, Monroe, GA, 30655 priced at $290,000 converts $1,630/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,630/mo. Return on cash invested prints 18.23% in year one, and rental yield reads 6.74% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 93.71% and total cumulative return in cash sums $90,088. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,630/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.27 Acres 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: Elsa Perlera • Atlanta Communities
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7568733
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