222 Sheffield Dr APT E5SpartaGA31087
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 Sparta at 222 Sheffield Dr APT E5, Sparta, GA, 31087 generates $3,838/mo in rent and, after a $1,466/mo payment, leaves $1,998/mo in cash flow. Total monthly income is $3,838/mo, and annual cash flow is $23,980/yr on $99,284 invested. Return on cash invested sits at 44.06% in year one, and rental yield is 15.38% on a $299,500 entry. Equity gained on principal adds $1,933/yr, while 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 232.31% and total cumulative return in cash sums $230,651. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,838/mo property income rather than buyer’s personal income.
Condo
Built in 2007
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31087, Sparta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,901 (100%) |
| Owner Occupied HU | 2,551 (52.1%) |
| Renter Occupied HU | 719 (14.7%) |
| Vacant Housing Units | 1,631 (33.3%) |
| Median Home Value | $139,082 |
| Average Home Value | $239,371 |
Housing Distribution
Address Breakdown
Residential
4,133
Single Family
4,084
Multi-Family
49
Businesses
209
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Listed by: Elizabeth Outlaw • Re/Max Realty Team
Mls Name: GAMLS
Mls Provider:
Mls ID: #20145525
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.