241 Lakeside DrMilledgevilleGA31061
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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
Investment property for sale in Milledgeville at 241 Lakeside Dr, Milledgeville, GA, 31061 with 5% annual appreciation on a $229,900 basis while $2,058/mo rent supports operations. Total monthly income totals $2,058/mo and a $1,125/mo payment preserves $659/mo for cash returns. Annual cash flow comes to $7,908/yr on $76,212 deployed, and return on cash invested reaches 30.29% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 10.74%. Five-year ROI measures 158.43% and total cumulative return in cash totals $120,743.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,058/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1949
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31061, Milledgeville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,866 (100%) |
| Owner Occupied HU | 9,803 (49.3%) |
| Renter Occupied HU | 6,348 (32.0%) |
| Vacant Housing Units | 3,715 (18.7%) |
| Median Home Value | $224,135 |
| Average Home Value | $295,359 |
Housing Distribution
Address Breakdown
Residential
17,899
Single Family
16,975
Multi-Family
924
Businesses
1,303
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Listed by: Robert Binion • Robert Binion Real Estate
Mls Name: Milledgeville MLS
Mls ID: #52911