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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Bishop at 1430 Overlook Ridge Rd, Bishop, GA, 30621 priced at $250,000 converts $2,429/mo rent into $907/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,429/mo, and annual cash flow totals $10,885/yr on $82,875 invested. Return on cash invested prints 33.04% in year one, and rental yield reads 11.66% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 173.19% and total cumulative return in cash sums $143,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,429/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Manufactured
Built in 1989
2.56 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30621, Bishop, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 2,163 (87.3%) |
| Renter Occupied HU | 211 ( 8.5%) |
| Vacant Housing Units | 105 ( 4.2%) |
| Median Home Value | $467,769 |
| Average Home Value | $491,029 |
Residential
2,063
Single Family
2,063
Multi-Family
0
Businesses
68
Date | Event | Price |
|---|---|---|
| 2024-12-29 | Price change | $250,000 |
| 2024-11-05 | Price change | $260,000 |
| 2024-10-18 | Price change | $270,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-10 | $392.80 | -39.81% | $18,309 | -35.05% |
| 2022-01-10 | $652.55 | 21.77% | $28,188 | 21.96% |
| 2021-01-10 | $535.89 | 27.61% | $23,113 | 27.60% |
Listed by: Courtney Hunter Ariola • Floyd & Company
Mls Name: GAMLS
Mls Provider:
Mls ID: #10328702
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.
