2140 Nesmith Rd SWMilledgevilleGA31031
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 Milledgeville at 2140 Nesmith Rd SW, Milledgeville, GA, 31031 priced at $160,000 converts $1,215/mo rent into $241/mo cash flow after a $783/mo obligation. Total monthly income equals $1,215/mo, and annual cash flow totals $2,896/yr on $53,040 invested. Return on cash invested prints 25.37% in year one, and rental yield reads 9.11% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 132.06% and total cumulative return in cash sums $70,046. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,215/mo property income covering a $783/mo payment, not borrower’s personal income.
Manufactured
Built in 1994
21.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31031, Gordon, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,646 (100%) |
| Owner Occupied HU | 1,803 (68.1%) |
| Renter Occupied HU | 459 (17.3%) |
| Vacant Housing Units | 384 (14.5%) |
| Median Home Value | $119,602 |
| Average Home Value | $178,325 |
Housing Distribution
Address Breakdown
Residential
2,419
Single Family
2,350
Multi-Family
69
Businesses
119
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Listed by: Lew Burdett • Berkshire Hathaway HomeServices Georgia Properties
Mls Name: MGMLS
Mls Provider:
Mls ID: #179473
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