186 Carlyene DrMidwayGA31320
Nearby investment properties with comparable rents
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 Midway at 186 Carlyene Dr, Midway, GA, 31320 offers $1,958/mo rent that, after a $1,517/mo payment, leaves $24/mo cash flow. Total monthly income is $1,958/mo, and annual cash flow is $284/yr on $102,732 cash. Return on cash invested measures 20.19% in year one, and rental yield stands at 7.58% at a $309,900 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,620 by year five. Five-year ROI records 104.4% and total cumulative return in cash reaches $107,256. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,958/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.29 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 31320, Midway, GA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,564
Single Family
4,441
Multi-Family
123
Businesses
177
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-13 | Listed for sale | $309,900 |
| 2022-09-12 | Sold | $242,500 |
| 2022-08-15 | Contingent | $249,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $3147.67 | 79.49% | $70,211 | 19.25% |
| 2022-10-16 | $1753.71 | 3.39% | $58,877 | 9.13% |
| 2021-10-16 | $1696.21 | -6.66% | $53,952 | 22.38% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1999
- Architectural Style: Traditional
- Building Area: N/A
- Living Area: 1,150 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric, Heat Pump
- Cooling: Central Air, Electric
- Flooring: N/A
- Interior Features: Breakfast Bar, High Ceilings, Kitchen Island, Pull Down Attic Stairs, Vaulted Ceiling(s), Fireplace
- Exterior Features: Deck, Fire Pit
- Parking Features: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available
- Sewer: Septic Tank
- Water Source: Shared Well
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
What's Special
Pull Down Stairs
Listed by: Cassandra Cribbs • Make Your Move Realty Inc
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #319686
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.