1677 Fork Creek RdBowmanGA30624
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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 Bowman at 1677 Fork Creek Rd, Bowman, GA, 30624 generates $1,156/mo in rent and, after a $857/mo payment, leaves $90/mo in cash flow. Total monthly income is $1,156/mo, and annual cash flow is $1,086/yr on $58,013 invested. Return on cash invested sits at 21.78% in year one, and rental yield is 7.93% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 112.79% and total cumulative return in cash sums $65,431. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,156/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30624, Bowman, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,220 (100%) |
| Owner Occupied HU | 878 (72.0%) |
| Renter Occupied HU | 221 (18.1%) |
| Vacant Housing Units | 121 ( 9.9%) |
| Median Home Value | $127,817 |
| Average Home Value | $195,430 |
Housing Distribution
Address Breakdown
Residential
1,219
Single Family
1,219
Multi-Family
0
Businesses
75
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Listed by: James W. Lavere • 3 Lakes Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10415596
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.