131 12th AveEastmanGA31023
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 Eastman at 131 12th Ave, Eastman, GA, 31023 offers a 22.9% rental yield on a $115,000 purchase with $2,195/mo rent. Total monthly income registers $2,195/mo, and a $563/mo payment leaves $1,459/mo available for distribution. Annual cash flow reaches $17,512/yr on $38,123 to close, and return on cash invested stands at 65.84% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 349.55% and total cumulative return in cash at $133,257. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,195/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1942
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31023, Eastman, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,250 (100%) |
| Owner Occupied HU | 3,514 (56.2%) |
| Renter Occupied HU | 2,112 (33.8%) |
| Vacant Housing Units | 624 ( 10.0%) |
| Median Home Value | $163,445 |
| Average Home Value | $180,653 |
Housing Distribution
Address Breakdown
Residential
5,446
Single Family
5,370
Multi-Family
76
Businesses
537
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Listed by: Rebekah Colson Mullis • Good Thing Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10249462
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.