247 Old Gress Island RdMidwayGA31320
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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 Midway at 247 Old Gress Island Rd, Midway, GA, 31320 with 5% annual appreciation on a $173,000 basis while $1,380/mo rent supports operations. Total monthly income totals $1,380/mo and a $847/mo payment preserves $327/mo for cash returns. Annual cash flow comes to $3,922/yr on $57,350 deployed, and return on cash invested reaches 26.75% in year one. Equity gained on principal adds $1,116/yr, and five-year appreciation sums $47,797 alongside rental yield of 9.57%. Five-year ROI measures 139.38% and total cumulative return in cash totals $79,935.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,380/mo property income versus a $847/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31320, Midway, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,724 (100%) |
| Owner Occupied HU | 3,208 (67.9%) |
| Renter Occupied HU | 890 (18.8%) |
| Vacant Housing Units | 626 (13.3%) |
| Median Home Value | $272,681 |
| Average Home Value | $292,094 |
Housing Distribution
Address Breakdown
Residential
4,564
Single Family
4,441
Multi-Family
123
Businesses
177
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