118 Locks Heath CtPerryGA31069
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Perry at 118 Locks Heath Ct, Perry, GA, 31069 offers $2,335/mo rent that, after a $1,468/mo payment, leaves $510/mo cash flow. Total monthly income is $2,335/mo, and annual cash flow is $6,115/yr on $99,417 cash. Return on cash invested measures 26.06% in year one, and rental yield stands at 9.34% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 135.7% and total cumulative return in cash reaches $134,908. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,335/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31069, Perry, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,284 (100%) |
| Owner Occupied HU | 7,041 (68.5%) |
| Renter Occupied HU | 2,740 (26.6%) |
| Vacant Housing Units | 503 ( 4.9%) |
| Median Home Value | $278,944 |
| Average Home Value | $302,856 |
Housing Distribution
Address Breakdown
Residential
9,971
Single Family
9,303
Multi-Family
668
Businesses
928
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