230 Mage StreetBloomingdaleGA31302
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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 Bloomingdale at 230 Mage Street, Bloomingdale, GA, 31302 priced at $414,478 converts $2,760/mo rent into $237/mo cash flow after a $2,029/mo obligation. Total monthly income equals $2,760/mo, and annual cash flow totals $2,845/yr on $137,399 invested. Return on cash invested prints 21.98% in year one, and rental yield reads 7.99% against a $414,478 entry. Equity gained on principal adds $2,675/yr, while 5% annual appreciation compiles into $114,513 by year five. Five-year ROI reaches 113.84% and total cumulative return in cash sums $156,421. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $2,029/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,229 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31302, Bloomingdale, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 3,010 (62.2%) |
| Renter Occupied HU | 1,359 (28.1%) |
| Vacant Housing Units | 470 ( 9.7%) |
| Median Home Value | $280,527 |
| Average Home Value | $323,776 |
Housing Distribution
Address Breakdown
Residential
3,726
Single Family
3,413
Multi-Family
313
Businesses
215
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Listed by: Garret T. Williamson • Landmark 24 Realty, Inc
Mls Name: Hive MLS
Mls ID: #SA345644