285 E. Main StForsythGA31029
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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 Forsyth at 285 E. Main St, Forsyth, GA, 31029 generates $1,626/mo in rent and, after a $1,170/mo payment, leaves $171/mo in cash flow. Total monthly income is $1,626/mo, and annual cash flow is $2,054/yr on $79,229 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.16% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 116.67% and total cumulative return in cash sums $92,436. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,626/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31029, Forsyth, GA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,057
Single Family
6,888
Multi-Family
169
Businesses
671
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