138 Richard St SEMilledgevilleGA31061
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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 Milledgeville at 138 Richard St SE, Milledgeville, GA, 31061 priced at $145,000 converts $1,136/mo rent into $253/mo cash flow after a $710/mo obligation. Total monthly income equals $1,136/mo, and annual cash flow totals $3,039/yr on $48,068 invested. Return on cash invested prints 26.23% in year one, and rental yield reads 9.4% 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 136.72% and total cumulative return in cash sums $65,720. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,136/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31061, Milledgeville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,866 (100%) |
| Owner Occupied HU | 9,803 (49.3%) |
| Renter Occupied HU | 6,348 (32.0%) |
| Vacant Housing Units | 3,715 (18.7%) |
| Median Home Value | $224,135 |
| Average Home Value | $295,359 |
Housing Distribution
Address Breakdown
Residential
17,899
Single Family
16,975
Multi-Family
924
Businesses
1,303
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Listed by: Lisa C Flowers • Pharaoh Realty
Mls Name: GAMLS
Mls ID: #10644163