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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Midway at 1932 Luke Rd, Midway, GA, 31320 priced at $270,000 converts $2,334/mo rent into $690/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,334/mo, and annual cash flow totals $8,283/yr on $89,505 invested. Return on cash invested prints 29.16% in year one, and rental yield reads 10.37% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 152.37% and total cumulative return in cash sums $136,381. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,334/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Manufactured
Built in 2024
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31320, Midway, GA area.
| 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 |
Residential
4,564
Single Family
4,441
Multi-Family
123
Businesses
177
Date | Event | Price |
|---|---|---|
| 2024-12-03 | Price change | $270,000 |
| 2024-11-03 | Listed for sale | $275,000 |
| 2024-10-25 | Listing removed | $299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-08 | $337.86 | 9.72% | $8,000 | N/A |
| 2022-01-08 | $307.94 | N/A | $8,000 | N/A |
Listed by: Elaine Ceccacci • LPT Realty LLC
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #321748
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.
