306 Carson St NELudowiciGA31316
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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 Ludowici at 306 Carson St NE, Ludowici, GA, 31316 priced at $265,000 converts $3,083/mo rent into $1,458/mo cash flow after a $1,297/mo obligation. Total monthly income equals $3,083/mo, and annual cash flow totals $17,494/yr on $87,848 invested. Return on cash invested prints 39.82% in year one, and rental yield reads 13.96% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 209.56% and total cumulative return in cash sums $184,095. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,083/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.63 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 31316, Ludowici, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,467 (100%) |
| Owner Occupied HU | 3,367 (61.6%) |
| Renter Occupied HU | 1,551 (28.4%) |
| Vacant Housing Units | 549 (10.0%) |
| Median Home Value | $237,235 |
| Average Home Value | $267,839 |
Housing Distribution
Address Breakdown
Residential
5,297
Single Family
5,297
Multi-Family
0
Businesses
150
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-08 | Price change | $265,000 |
| 2024-07-25 | Listed for sale | $270,000 |
| 2023-05-04 | Sold | $230,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $2347.17 | 4.20% | $68,240 | N/A |
| 2022-09-15 | $2252.54 | 1.64% | $68,240 | 4.58% |
| 2021-09-15 | $2216.20 | -0.59% | $65,254 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2008
- Architectural Style: N/A
- Building Area: 1,699
- Living Area: 1,699 sqft
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: Formal Dining Room
- Exterior Features: N/A
- Parking Features: Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Teresa Cowart • Re/Max Accent
Mls Name: HABR
Mls ID: #155317
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.