118 Morris DrAlmaGA31510
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 118 Morris Dr, Alma, GA, 31510 in Alma is narrow, $139/mo net on $1,435/mo rent after the $944/mo debt service, but the property operates at break-even-plus, not a loss. At $210,000 with a 8.2% yield, the long-run equity case via 5% appreciation ($58,019 over five years) and $1,934/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.52 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $88,579.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.2% |
| Monthly Cash Flow | $139 | $250 |
City averages based on Alma market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,435 |
| Total Monthly Debt Service | $1,213 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31510, Alma, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,238 (100%) |
| Owner Occupied HU | 2,634 (62.2%) |
| Renter Occupied HU | 1,117 (26.4%) |
| Vacant Housing Units | 487 (11.5%) |
| Median Home Value | $129,459 |
| Average Home Value | $168,139 |
Housing Distribution
Address Breakdown
Residential
3,954
Single Family
3,954
Multi-Family
0
Businesses
465
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
Single Family
Built in 1965
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31510, Alma, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,238 (100%) |
| Owner Occupied HU | 2,634 (62.2%) |
| Renter Occupied HU | 1,117 (26.4%) |
| Vacant Housing Units | 487 (11.5%) |
| Median Home Value | $129,459 |
| Average Home Value | $168,139 |
Housing Distribution
Address Breakdown
Residential
3,954
Single Family
3,954
Multi-Family
0
Businesses
465
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Megan Cato • Keller Williams Realty Golden Isles
Mls Name: GIAOR
Mls ID: #1652166
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.