22 Carriage WayMidwayGA31320
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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
Rental property for sale in Midway at 22 Carriage Way, Midway, GA, 31320 priced at $348,000 converts $2,690/mo rent into $393/mo cash flow after a $1,703/mo obligation. Total monthly income equals $2,690/mo, and annual cash flow totals $4,717/yr on $115,362 invested. Return on cash invested prints 24% in year one, and rental yield reads 9.28% against a $348,000 entry. Equity gained on principal adds $2,246/yr, while 5% annual appreciation compiles into $96,146 by year five. Five-year ROI reaches 125.34% and total cumulative return in cash sums $144,598. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,690/mo property income covering a $1,703/mo payment, not borrower’s personal income.
Single Family
Built in 2012
0.29 Acres lot
$N/A/sqft
No HOA
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
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Listed by: Annie Pepoon • Keller Williams Realty Coastal Area Partners
Mls Name: HABR
Mls ID: #161074
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.