302 Catherine AveStatesboroGA30458
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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
Investment property for sale in Statesboro at 302 Catherine Ave, Statesboro, GA, 30458 uses $79,560 cash to close to unlock $672/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $1,517/mo, and a $1,175/mo payment keeps the spread at $56/mo. Purchase price stands at $240,000, and rental yield measures 7.58% with $1,517/mo rent. Return on cash invested shows 20.75% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 107.23% and total cumulative return in cash records $85,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,517/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30458, Statesboro, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,226 (100%) |
| Owner Occupied HU | 7,056 (33.2%) |
| Renter Occupied HU | 11,701 (55.1%) |
| Vacant Housing Units | 2,469 (11.6%) |
| Median Home Value | $256,340 |
| Average Home Value | $297,313 |
Housing Distribution
Address Breakdown
Residential
16,957
Single Family
15,418
Multi-Family
1,539
Businesses
1,531
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