217 Downing StThomsonGA30824
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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
Investment property for sale in Thomson at 217 Downing St, Thomson, GA, 30824 offers a 8.77% rental yield on a $189,700 purchase with $1,387/mo rent. Total monthly income registers $1,387/mo, and a $928/mo payment leaves $233/mo available for distribution. Annual cash flow reaches $2,795/yr on $62,886 to close, and return on cash invested stands at 24.35% in year one. Equity gained on principal adds $1,224/yr while 5% annual appreciation supports $52,411 over five years. Portfolio math shows five-year ROI at 126.56% and total cumulative return in cash at $79,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,387/mo property income against a $928/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30824, Thomson, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,563 (100%) |
| Owner Occupied HU | 4,491 (59.4%) |
| Renter Occupied HU | 2,394 (31.7%) |
| Vacant Housing Units | 678 ( 9.0%) |
| Median Home Value | $183,383 |
| Average Home Value | $229,915 |
Housing Distribution
Address Breakdown
Residential
7,158
Single Family
7,023
Multi-Family
135
Businesses
694
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Listed by: Ralph Harvey • Listwithfreedom.com
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #534103
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.