126 Morningside DrIveyGA31031
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
Rental property for sale in Ivey at 126 Morningside Dr, Ivey, GA, 31031 offers $1,898/mo rent that, after a $685/mo payment, leaves $1,046/mo cash flow. Total monthly income is $1,898/mo, and annual cash flow is $12,554/yr on $46,410 cash. Return on cash invested measures 46.96% in year one, and rental yield stands at 16.27% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 247.83% and total cumulative return in cash reaches $115,018. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,898/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2008
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31031, Gordon, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,646 (100%) |
| Owner Occupied HU | 1,803 (68.1%) |
| Renter Occupied HU | 459 (17.3%) |
| Vacant Housing Units | 384 (14.5%) |
| Median Home Value | $119,602 |
| Average Home Value | $178,325 |
Housing Distribution
Address Breakdown
Residential
2,419
Single Family
2,350
Multi-Family
69
Businesses
119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amber Ayers • RE/MAX Cutting Edge Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10380978
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.