246 Nancy StMonticelloGA31064
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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 Monticello at 246 Nancy St, Monticello, GA, 31064 offers a 10.72% rental yield on a $199,000 purchase with $1,778/mo rent. Total monthly income registers $1,778/mo, and a $974/mo payment leaves $567/mo available for distribution. Annual cash flow reaches $6,802/yr on $65,969 to close, and return on cash invested stands at 30.22% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 157.99% and total cumulative return in cash at $104,226. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,778/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31064, Monticello, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,690 (100%) |
| Owner Occupied HU | 3,347 (71.4%) |
| Renter Occupied HU | 738 (15.7%) |
| Vacant Housing Units | 605 (12.9%) |
| Median Home Value | $265,837 |
| Average Home Value | $298,068 |
Housing Distribution
Address Breakdown
Residential
4,374
Single Family
4,364
Multi-Family
10
Businesses
283
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Listed by: Cheyenne Hughes • Madison Realty Inc
Mls Name: LCBOR
Mls Provider:
Mls ID: #67852
Disclaimer: Copyright Lake Country Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.