2203 Hanover StAlbanyGA31707
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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 Albany at 2203 Hanover St, Albany, GA, 31707 offers $2,694/mo rent that, after a $1,804/mo payment, leaves $451/mo cash flow. Total monthly income is $2,694/mo, and annual cash flow is $5,410/yr on $122,158 cash. Return on cash invested measures 24.34% in year one, and rental yield stands at 8.77% at a $368,500 entry. Equity gained on principal adds $2,378/yr while 5% annual appreciation compounds into $101,810 by year five. Five-year ROI records 126.45% and total cumulative return in cash reaches $154,466. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,694/mo property income versus a $1,804/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31707, Albany, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,486 (100%) |
| Owner Occupied HU | 4,426 (38.5%) |
| Renter Occupied HU | 5,678 (49.4%) |
| Vacant Housing Units | 1,382 (12.0%) |
| Median Home Value | $143,424 |
| Average Home Value | $181,357 |
Housing Distribution
Address Breakdown
Residential
11,610
Single Family
10,660
Multi-Family
950
Businesses
1,341
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