264 Ridley RdEastmanGA31023
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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
Rental property for sale in Eastman at 264 Ridley Rd, Eastman, GA, 31023 priced at $319,900 converts $1,950/mo rent into $3/mo cash flow after a $1,566/mo obligation. Total monthly income equals $1,950/mo, and annual cash flow totals $33/yr on $106,047 invested. Return on cash invested prints 19.94% in year one, and rental yield reads 7.31% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 102.88% and total cumulative return in cash sums $109,100. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,950/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1993
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31023, Eastman, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,250 (100%) |
| Owner Occupied HU | 3,514 (56.2%) |
| Renter Occupied HU | 2,112 (33.8%) |
| Vacant Housing Units | 624 ( 10.0%) |
| Median Home Value | $163,445 |
| Average Home Value | $180,653 |
Housing Distribution
Address Breakdown
Residential
5,446
Single Family
5,370
Multi-Family
76
Businesses
537
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