156 Merry Dr NWMilledgevilleGA31061
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Nearby investment properties with comparable prices
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 156 Merry Dr NW, Milledgeville, GA, 31061 generates $2,611/mo in rent and, after a $1,316/mo payment, leaves $975/mo in cash flow. Total monthly income is $2,611/mo, and annual cash flow is $11,695/yr on $89,136 invested. Return on cash invested sits at 33.03% in year one, and rental yield is 11.65% on a $268,888 entry. Equity gained on principal adds $1,735/yr, while 5% annual appreciation builds toward $74,289 over five years. Five-year ROI reaches 173.07% and total cumulative return in cash sums $154,272. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,611/mo property income rather than buyer’s personal income.
Manufactured
Built in 1995
0.94 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: Susan Ayers • HomeZu
Mls Name: LCBOR
Mls Provider:
Mls ID: #67703
Disclaimer: Copyright Lake Country Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.