119 E Merrill StThomasvilleGA31792
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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 Thomasville at 119 E Merrill St, Thomasville, GA, 31792 priced at $145,000 converts $1,184/mo rent into $301/mo cash flow after a $710/mo obligation. Total monthly income equals $1,184/mo, and annual cash flow totals $3,615/yr on $48,068 invested. Return on cash invested prints 27.43% in year one, and rental yield reads 9.8% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 143.12% and total cumulative return in cash sums $68,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,184/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1942
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31792, Thomasville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 5,792 (50.7%) |
| Renter Occupied HU | 4,331 (37.9%) |
| Vacant Housing Units | 1,294 (11.3%) |
| Median Home Value | $244,769 |
| Average Home Value | $318,708 |
Housing Distribution
Address Breakdown
Residential
10,462
Single Family
9,683
Multi-Family
779
Businesses
1,041
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Listed by: Malcolm Boykin • Coldwell Banker Premier Real E
Mls Name: South Georgia MLS
Mls ID: #146678