309 N Mitchell StThomasvilleGA31792
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Thomasville at 309 N Mitchell St, Thomasville, GA, 31792 priced at $244,900 converts $1,591/mo rent into $100/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,591/mo, and annual cash flow totals $1,202/yr on $81,184 invested. Return on cash invested prints 21.39% in year one, and rental yield reads 7.8% against a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,661 by year five. Five-year ROI reaches 110.7% and total cumulative return in cash sums $89,873. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,591/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31792, Thomasville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 5,792 (50.7%) |
| Renter Occupied HU | 4,331 (37.9%) |
| Vacant Housing Units | 1,294 (11.3%) |
| Median Home Value | $244,769 |
| Average Home Value | $318,708 |
Housing Distribution
Address Breakdown
Residential
10,462
Single Family
9,683
Multi-Family
779
Businesses
1,041
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Nearby investment properties with comparable prices
Listed by: Eugene Witherspoon • KeySouth Real Estate Group, Inc
Mls Name: TABRMLS
Mls ID: #924562
Disclaimer: Copyright Thomasville Area Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.