268 Alder PassMidwayGA31320
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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 Midway at 268 Alder Pass, Midway, GA, 31320 generates $3,972/mo in rent and, after a $1,586/mo payment, leaves $1,945/mo in cash flow. Total monthly income is $3,972/mo, and annual cash flow is $23,337/yr on $107,439 invested. Return on cash invested sits at 41.63% in year one, and rental yield is 14.71% on a $324,100 entry. Equity gained on principal adds $2,091/yr, while 5% annual appreciation builds toward $89,543 over five years. Five-year ROI reaches 219.41% and total cumulative return in cash sums $235,734. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,972/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
$55 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-05-06 | Listed for sale | $324,100 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2024
- Architectural Style: Traditional
- Building Area: 1,997
- Living Area: 1,997 sqft
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: Entrance Foyer, Pantry, Formal Dining Room
- Exterior Features: None
- Parking Features: Attached
Location
HOA & Fees
- HOA Fee: $55 monthly
- Association Fee: $55 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Underground Utilities
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
What's Special
Pull Down Stairs
Listed by: Susan Ayers • Clickit Realty
Mls Name: HABR
Mls ID: #154407
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.