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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 Forsyth at 220 Preakness Way, Forsyth, GA, 31029 priced at $799,000 converts $4,483/mo rent into after a $3,911/mo obligation. Total monthly income equals $4,483/mo. Return on cash invested prints 18.32% in year one, and rental yield reads 6.73% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 94.17% and total cumulative return in cash sums $247,542. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,483/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 2023
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31029, Forsyth, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,331 (100%) |
| Owner Occupied HU | 5,257 (71.7%) |
| Renter Occupied HU | 1,601 (21.8%) |
| Vacant Housing Units | 473 ( 6.5%) |
| Median Home Value | $270,286 |
| Average Home Value | $308,842 |
Residential
7,057
Single Family
6,888
Multi-Family
169
Businesses
671
Date | Event | Price |
|---|---|---|
| 2024-09-25 | Price change | $799,000 |
| 2024-07-23 | Price change | $819,000 |
| 2024-06-04 | Listed for sale | $849,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $344.24 | 109.12% | $12,200 | 100.66% |
| 2022-10-15 | $164.61 | -3.40% | $6,080 | N/A |
| 2021-10-15 | $170.40 | 39.03% | $6,080 | 43.40% |
What's Special
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Listed by: Kerri Swearingen • Connie R. Ham Middle Ga Realty, Inc
Mls Name: MGMLS
Mls Provider:
Mls ID: #175236
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