114 Carpenter DrMidwayGA31320
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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 Midway at 114 Carpenter Dr, Midway, GA, 31320 generates $1,223/mo in rent and, after a $783/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,223/mo, and annual cash flow is $2,993/yr on $53,007 invested. Return on cash invested sits at 25.56% in year one, and rental yield is 9.18% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 133.04% and total cumulative return in cash sums $70,518. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,223/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31320, Midway, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,724 (100%) |
| Owner Occupied HU | 3,208 (67.9%) |
| Renter Occupied HU | 890 (18.8%) |
| Vacant Housing Units | 626 (13.3%) |
| Median Home Value | $272,681 |
| Average Home Value | $292,094 |
Housing Distribution
Address Breakdown
Residential
4,564
Single Family
4,441
Multi-Family
123
Businesses
177
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Listed by: Eve Stocks • Islands Real Estate Company
Mls Name: HABR
Mls ID: #160282
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.