1259 Lower Star Creek RdMorgantonGA30560
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
Investment property for sale in Morganton at 1259 Lower Star Creek Rd, Morganton, GA, 30560 earns $1,061/mo cash flow from $3,252/mo rent with a $1,762/mo payment. Total monthly income totals $3,252/mo, and annual cash flow totals $12,732/yr on $119,340 capital. ROI tracks 30.58% on current figures, and rental yield reads 10.84% at a $360,000 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 159.92% and total cumulative return in cash sums $190,845. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,252/mo property income instead of your personal income.
Single Family
Built in 1986
2.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30560, Morganton, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,928 (100%) |
| Owner Occupied HU | 2,086 (53.1%) |
| Renter Occupied HU | 342 ( 8.7%) |
| Vacant Housing Units | 1,500 (38.2%) |
| Median Home Value | $397,806 |
| Average Home Value | $451,924 |
Housing Distribution
Address Breakdown
Residential
2,752
Single Family
2,752
Multi-Family
0
Businesses
92
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Nearby investment properties with comparable prices
Listed by: Jonathan Hargus • ReMax Town & Ctry-Downtown
Mls Name: GAMLS
Mls Provider:
Mls ID: #10380473
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.