2803 Spelman DrAlbanyGA31701
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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 Albany at 2803 Spelman Dr, Albany, GA, 31701 priced at $114,900 converts $1,015/mo rent into $314/mo cash flow after a $562/mo obligation. Total monthly income equals $1,015/mo, and annual cash flow totals $3,764/yr on $38,089 invested. Return on cash invested prints 29.79% in year one, and rental yield reads 10.6% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 155.77% and total cumulative return in cash sums $59,330. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,015/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31701, Albany, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,184 (100%) |
| Owner Occupied HU | 2,881 (31.4%) |
| Renter Occupied HU | 4,773 (52.0%) |
| Vacant Housing Units | 1,530 (16.7%) |
| Median Home Value | $152,416 |
| Average Home Value | $184,358 |
Housing Distribution
Address Breakdown
Residential
8,167
Single Family
7,582
Multi-Family
585
Businesses
1,332
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Listed by: Bernice Dixon • 1 Key Realty LLC
Mls Name: SWGMLS
Mls ID: #163849
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.