310 N Elbert StMilledgevilleGA31061
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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 Milledgeville at 310 N Elbert St, Milledgeville, GA, 31061 with 5% annual appreciation on a $179,000 basis while $1,314/mo rent supports operations. Total monthly income totals $1,314/mo and a $876/mo payment preserves $225/mo for cash returns. Annual cash flow comes to $2,696/yr on $59,339 deployed, and return on cash invested reaches 24.45% in year one. Equity gained on principal adds $1,155/yr, and five-year appreciation sums $49,454 alongside rental yield of 8.81%. Five-year ROI measures 127.11% and total cumulative return in cash totals $75,423.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,314/mo property income versus a $876/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
4,338 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31061, Milledgeville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,866 (100%) |
| Owner Occupied HU | 9,803 (49.3%) |
| Renter Occupied HU | 6,348 (32.0%) |
| Vacant Housing Units | 3,715 (18.7%) |
| Median Home Value | $224,135 |
| Average Home Value | $295,359 |
Housing Distribution
Address Breakdown
Residential
17,899
Single Family
16,975
Multi-Family
924
Businesses
1,303
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Listed by: Katherine Lipscomb • Wright Banks Realty
Mls Name: Milledgeville MLS
Mls ID: #52081
Disclaimer: Copyright Milledgeville MLS. All rights reserved. Information is deemed reliable but not guaranteed.