116 Evergreen 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
Rental property for sale in Statesboro at 116 Evergreen Dr, Statesboro, GA, 30458 priced at $375,000 converts $2,873/mo rent into $591/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,873/mo, and annual cash flow totals $7,093/yr on $124,313 invested. Return on cash invested prints 25.62% in year one, and rental yield reads 9.19% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 133.34% and total cumulative return in cash sums $165,759. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,873/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.48 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: Samantha Reagin • Coldwell Banker Conner Realty
Mls Name: GAMLS
Mls ID: #10670242