2308 Thomas StAdelGA31620
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 Adel at 2308 Thomas St, Adel, GA, 31620 priced at $339,000 pairs $2,916/mo rent with $853/mo cash flow after a $1,659/mo payment. Total monthly income equals $2,916/mo, and annual cash flow comes to $10,236/yr on $112,379 invested. Return on cash invested is 29.02% in year one, and rental yield stands at 10.32% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 151.59% and total cumulative return in cash reaches $170,356. For financing, Ziffy Mortgage’s DSCR program evaluates $2,916/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31620, Adel, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,798 (100%) |
| Owner Occupied HU | 2,792 (58.2%) |
| Renter Occupied HU | 1,481 (30.9%) |
| Vacant Housing Units | 525 (10.9%) |
| Median Home Value | $167,915 |
| Average Home Value | $264,230 |
Housing Distribution
Address Breakdown
Residential
4,217
Single Family
4,217
Multi-Family
0
Businesses
476
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Listed by: Kelly Glenn • Southern Classic Realtors
Mls Name: GAMLS
Mls Provider:
Mls ID: #10359625
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.