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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Forsyth at 237 Parsons St, Forsyth, GA, 31029 generates $1,400/mo in rent, after a $1,933/mo payment. Total monthly income is $1,400/mo. Return on cash invested sits at 10.71% in year one, and rental yield is 4.25% on a $394,900 entry. Equity gained on principal adds $2,548/yr, while 5% annual appreciation builds toward $109,104 over five years. Five-year ROI reaches 53.39% and total cumulative return in cash sums $69,899. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,400/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31029, Forsyth, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,331 (100%) |
| Owner Occupied HU | 5,257 (71.7%) |
| Renter Occupied HU | 1,601 (21.8%) |
| Vacant Housing Units | 473 ( 6.5%) |
| Median Home Value | $270,286 |
| Average Home Value | $308,842 |
Residential
7,057
Single Family
6,888
Multi-Family
169
Businesses
671
Date | Event | Price |
|---|---|---|
| 2025-02-07 | Price change | $394,900 |
| 2025-02-07 | Price change | $163,900 |
| 2025-02-07 | Price change | $394,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $619.07 | 3.02% | $20,320 | N/A |
| 2022-02-16 | $600.95 | -3.12% | $20,320 | N/A |
| 2021-02-16 | $620.31 | -4.48% | $20,320 | N/A |
Listed by: Jessica Bowers • GEORGIA'S HOME TEAM REALTY
Mls Name: CGMLS
Mls ID: #247482
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.
