1600 Grant AveManchesterGA31816
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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
Rental property for sale in Manchester at 1600 Grant Ave, Manchester, GA, 31816 generates $1,140/mo in rent and, after a $562/mo payment, leaves $441/mo in cash flow. Total monthly income is $1,140/mo, and annual cash flow is $5,293/yr on $38,089 invested. Return on cash invested sits at 33.81% in year one, and rental yield is 11.91% on a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 177.35% and total cumulative return in cash sums $67,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31816, Manchester, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,503 (100%) |
| Owner Occupied HU | 1,376 (55.0%) |
| Renter Occupied HU | 784 (31.3%) |
| Vacant Housing Units | 343 (13.7%) |
| Median Home Value | $155,060 |
| Average Home Value | $202,373 |
Housing Distribution
Address Breakdown
Residential
2,106
Single Family
2,106
Multi-Family
0
Businesses
246
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Listed by: Hillary Evans Flynn • Evans Realty
Mls Name: CBORGA
Mls ID: #223294