140 Locust Ct 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
Investment property for sale in Milledgeville at 140 Locust Ct SE, Milledgeville, GA, 31061 listed at $189,900 pairs $1,726/mo rent with a $929/mo payment to leave $571/mo cash flow. Total monthly income runs $1,726/mo, and annual cash flow reaches $6,848/yr on $62,952 cash to close. Return on cash invested measures 30.79% in year one, and rental yield registers 10.91% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 161.06% and total cumulative return in cash totals $101,393. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,726/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2003
1.49 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: Lauren Burgess • Ansley Real Estate Christie's
Mls Name: LCBOR
Mls ID: #69953