343 W Morrison StMount VernonGA30445
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 343 W Morrison St, Mount Vernon, GA, 30445 in Mount Vernon: $2,933/mo in rent, $803/mo net, 10.06% gross yield, all on a $349,900 acquisition. The 1.86 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $96,671 in value, and $3,223/yr in principal paydown steadily builds equity. Projected total cumulative return: $184,306.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.5% |
| Monthly Cash Flow | $803 | $150 |
City averages based on Mount Vernon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,933 |
| Total Monthly Debt Service | $1,990 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
4.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30445, Mount Vernon, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 749 (56.8%) |
| Renter Occupied HU | 358 (27.2%) |
| Vacant Housing Units | 211 (16.0%) |
| Median Home Value | $156,151 |
| Average Home Value | $202,677 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
956
Multi-Family
0
Businesses
81
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
Single Family
Built in 1960
4.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30445, Mount Vernon, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 749 (56.8%) |
| Renter Occupied HU | 358 (27.2%) |
| Vacant Housing Units | 211 (16.0%) |
| Median Home Value | $156,151 |
| Average Home Value | $202,677 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
956
Multi-Family
0
Businesses
81
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deidre H Barnett • South Central Realty
Mls Name: GAMLS
Mls ID: #10665883