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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Forsyth at 261 Preakness Way, Forsyth, GA, 31029 generates $4,081/mo in rent, after a $4,087/mo payment. Total monthly income is $4,081/mo. Return on cash invested sits at 15.47% in year one, and rental yield is 5.86% on a $835,000 entry. Equity gained on principal adds $5,388/yr, while 5% annual appreciation builds toward $230,695 over five years. Five-year ROI reaches 78.94% and total cumulative return in cash sums $216,856. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,081/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
2.92 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood data shown for ZIP Code: 31029, Forsyth, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,331 (100%) |
| Owner Occupied HU | 5,257 (71.7%) |
| Renter Occupied HU | 1,601 (21.8%) |
| Vacant Housing Units | 473 ( 6.5%) |
| Median Home Value | $270,286 |
| Average Home Value | $308,842 |
Residential
7,057
Single Family
6,888
Multi-Family
169
Businesses
671
Date | Event | Price |
|---|---|---|
| 2024-11-15 | Price change | $835,000 |
| 2024-06-21 | Listed for sale | $859,000 |
| 2024-05-29 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-09 | $443.55 | 4.22% | $15,720 | N/A |
| 2022-01-09 | $425.61 | 54.33% | $15,720 | 59.76% |
| 2021-01-09 | $275.78 | 125.02% | $9,840 | 132.08% |
Listed by: Kerri Swearingen • Connie R. Ham Middle Ga Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10413969
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
