118 Mage StBloomingdaleGA31302
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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 Bloomingdale at 118 Mage St, Bloomingdale, GA, 31302 offers a 7.69% rental yield on a $552,900 purchase with $3,544/mo rent. Total monthly income registers $3,544/mo, and a $2,706/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,550/yr on $181,904 to close, and return on cash invested stands at 20.91% in year one. Equity gained on principal adds $3,568/yr while 5% annual appreciation supports $152,756 over five years. Portfolio math shows five-year ROI at 108.19% and total cumulative return in cash at $196,796. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,544/mo property income against a $2,706/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,534 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31302, Bloomingdale, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 3,010 (62.2%) |
| Renter Occupied HU | 1,359 (28.1%) |
| Vacant Housing Units | 470 ( 9.7%) |
| Median Home Value | $280,527 |
| Average Home Value | $323,776 |
Housing Distribution
Address Breakdown
Residential
3,726
Single Family
3,413
Multi-Family
313
Businesses
215
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Listed by: Kelly B. Gillette • K. Hovnanian Homes of GA LLC
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #328584
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.