309 S Lee StFitzgeraldGA31750
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 Fitzgerald at 309 S Lee St, Fitzgerald, GA, 31750 priced at $229,000 converts $1,599/mo rent into $205/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,599/mo, and annual cash flow totals $2,461/yr on $75,914 invested. Return on cash invested prints 23.15% in year one, and rental yield reads 8.38% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 120.16% and total cumulative return in cash sums $91,217. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,599/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31750, Fitzgerald, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,566 (100%) |
| Owner Occupied HU | 4,661 (54.4%) |
| Renter Occupied HU | 2,862 (33.4%) |
| Vacant Housing Units | 1,043 (12.2%) |
| Median Home Value | $150,969 |
| Average Home Value | $179,994 |
Housing Distribution
Address Breakdown
Residential
7,551
Single Family
7,320
Multi-Family
231
Businesses
675
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Listed by: Wendy Story • Home Town Realty SWG
Mls Name: Tift Area BOR
Mls ID: #139016