2458 River Ridge Rd NEMilledgevilleGA31061
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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 2458 River Ridge Rd NE, Milledgeville, GA, 31061 uses $64,643 cash to close to unlock $3,727/yr annual cash flow and $311/mo monthly cash flow. Total monthly income runs $1,497/mo, and a $954/mo payment keeps the spread at $311/mo. Purchase price stands at $195,000, and rental yield measures 9.21% with $1,497/mo rent. Return on cash invested shows 25.68% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 133.66% and total cumulative return in cash records $86,398. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,497/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1990
8,712 sqft 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: Rhonda McHan • Lake Sinclair-Oconee Realty, LLC
Mls Name: Milledgeville MLS
Mls ID: #52207
Disclaimer: Copyright Milledgeville MLS. All rights reserved. Information is deemed reliable but not guaranteed.