








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Milledgeville at 138 Waits Rd NW, Milledgeville, GA, 31061 offers $2,720/mo rent that, after a $4,642/mo payment. Total monthly income is $2,720/mo. Return on cash invested measures 8.32% in year one, and rental yield stands at 3.44% at a $948,500 entry. Equity gained on principal adds $6,121/yr while 5% annual appreciation compounds into $262,053 by year five. Five-year ROI records 40.54% and total cumulative return in cash reaches $126,503. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,720/mo property income versus a $4,642/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31061, Milledgeville, GA area.
| 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 |
Residential
17,899
Single Family
16,975
Multi-Family
924
Businesses
1,303
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Price change | $948,500 |
| 2024-08-23 | Price change | $999,000 |
| 2024-07-24 | Price change | $1,099,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Nicholas Montgomery • Keller Williams Realty Lake Oconee
Mls Name: LCBOR
Mls Provider:
Mls ID: #66575
Disclaimer: Copyright Lake Country Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.