186 Meadow RdgMorgantonGA30560
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 Morganton at 186 Meadow Rdg, Morganton, GA, 30560 generates $5,567/mo in rent and, after a $4,209/mo payment, leaves $287/mo in cash flow. Total monthly income is $5,567/mo, and annual cash flow is $3,448/yr on $282,937 invested. Return on cash invested sits at 21.28% in year one, and rental yield is 7.77% on a $859,990 entry. Equity gained on principal adds $5,549/yr, while 5% annual appreciation builds toward $237,599 over five years. Five-year ROI reaches 110.09% and total cumulative return in cash sums $311,498. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,567/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
1.80 Acres lot
$N/A/sqft
$550 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30560, Morganton, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,928 (100%) |
| Owner Occupied HU | 2,086 (53.1%) |
| Renter Occupied HU | 342 ( 8.7%) |
| Vacant Housing Units | 1,500 (38.2%) |
| Median Home Value | $397,806 |
| Average Home Value | $451,924 |
Housing Distribution
Address Breakdown
Residential
2,752
Single Family
2,752
Multi-Family
0
Businesses
92
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Nearby investment properties with comparable prices
Listed by: Philip Ross • Coldwell Banker High Country
Mls Name: GAMLS
Mls Provider:
Mls ID: #10250151
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.