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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Thomaston at 306 Spring Way, Thomaston, GA, 30286 offers a 11.15% rental yield on a $232,500 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,138/mo payment leaves $745/mo available for distribution. Annual cash flow reaches $8,939/yr on $77,074 to close, and return on cash invested stands at 31.51% in year one. Equity gained on principal adds $1,500/yr while 5% annual appreciation supports $64,235 over five years. Portfolio math shows five-year ROI at 164.91% and total cumulative return in cash at $127,104. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,138/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
3.09 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30286, Thomaston, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,873 (100%) |
| Owner Occupied HU | 6,037 (55.5%) |
| Renter Occupied HU | 3,840 (35.3%) |
| Vacant Housing Units | 996 ( 9.2%) |
| Median Home Value | $172,390 |
| Average Home Value | $218,651 |
Residential
10,465
Single Family
10,287
Multi-Family
178
Businesses
827
Date | Event | Price |
|---|---|---|
| 2024-09-19 | Listed for sale | $232,500 |
| 2024-08-27 | Listing removed | $245,000 |
| 2024-08-13 | Listed for sale | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Pull Down Stairs
Listed by: Kenneth Smith • Double Eagle Realty, Inc.
Mls Name: GAMLS
Mls Provider:
Mls ID: #10380529
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
