118 William WaySpringfieldGA31329
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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 Springfield at 118 William Way, Springfield, GA, 31329 priced at $389,000 converts $3,024/mo rent into $656/mo cash flow after a $1,904/mo obligation. Total monthly income equals $3,024/mo, and annual cash flow totals $7,877/yr on $128,954 invested. Return on cash invested prints 26.02% in year one, and rental yield reads 9.33% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 135.48% and total cumulative return in cash sums $174,702. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,024/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31329, Springfield, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,393 (100%) |
| Owner Occupied HU | 3,218 (73.3%) |
| Renter Occupied HU | 906 (20.6%) |
| Vacant Housing Units | 269 ( 6.1%) |
| Median Home Value | $279,257 |
| Average Home Value | $294,037 |
Housing Distribution
Address Breakdown
Residential
3,781
Single Family
3,781
Multi-Family
0
Businesses
289
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Listed by: Cassandra S. Andrews • Next Move Real Estate LLC
Mls Name: Hive MLS
Mls ID: #SA345009