2305 Biscayne DrAlbanyGA31707
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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 2305 Biscayne Dr, Albany, GA, 31707 generates $2,790/mo in rent and, after a $876/mo payment, leaves $1,671/mo in cash flow. Total monthly income is $2,790/mo, and annual cash flow is $20,054/yr on $59,339 invested. Return on cash invested sits at 53.7% in year one, and rental yield is 18.7% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 284.24% and total cumulative return in cash sums $168,663. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,790/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.38 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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Listed by: Burton Newcomb • Albany Realty Company
Mls Name: SWGMLS
Mls ID: #163452
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.