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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% |
Investment property for sale in Midway at 156 2nd St, Midway, GA, 31320 with 5% annual appreciation on a $220,000 basis while $3,119/mo rent supports operations. Total monthly income totals $3,119/mo and a $1,077/mo payment preserves $1,780/mo for cash returns. Annual cash flow comes to $21,358/yr on $72,930 deployed, and return on cash invested reaches 49.19% in year one. Equity gained on principal adds $1,420/yr, and five-year appreciation sums $60,782 alongside rental yield of 17.01%. Five-year ROI measures 259.74% and total cumulative return in cash totals $189,431.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,119/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2017
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31320, Midway, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,724 (100%) |
| Owner Occupied HU | 3,208 (67.9%) |
| Renter Occupied HU | 890 (18.8%) |
| Vacant Housing Units | 626 (13.3%) |
| Median Home Value | $272,681 |
| Average Home Value | $292,094 |
Residential
4,564
Single Family
4,441
Multi-Family
123
Businesses
177
Date | Event | Price |
|---|---|---|
| 2024-09-05 | Listed for sale | $220,000 |
| 2024-03-27 | Listing removed | N/A |
| 2024-03-18 | Price change | $1,595 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $1596.49 | 7.51% | $38,482 | -1.49% |
| 2022-09-15 | $1485.02 | 9.91% | $39,066 | 9.41% |
| 2021-09-15 | $1351.18 | 4.24% | $35,707 | 1.45% |
Listed by: Tobias Craton • Edge Realty Inc
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #319187
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
