242 Bluff DrBloomingdaleGA31302
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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 Bloomingdale at 242 Bluff Dr, Bloomingdale, GA, 31302 uses $96,102 cash to close to unlock $11,946/yr annual cash flow and $996/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,419/mo payment keeps the spread at $996/mo. Purchase price stands at $289,900, and rental yield measures 11.42% with $2,760/mo rent. Return on cash invested shows 32.34% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 169.39% and total cumulative return in cash records $162,789. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2004
6.59 Acres 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: Julia Hoffmann • Lighthouse Realty Professional
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #329231
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.