357 Wise RdMorgantonGA30560
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 Morganton at 357 Wise Rd, Morganton, GA, 30560 priced at $227,000 converts $1,610/mo rent into $228/mo cash flow after a $1,111/mo obligation. Total monthly income equals $1,610/mo, and annual cash flow totals $2,742/yr on $75,251 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 8.51% against a $227,000 entry. Equity gained on principal adds $1,465/yr, while 5% annual appreciation compiles into $62,716 by year five. Five-year ROI reaches 122.28% and total cumulative return in cash sums $92,017. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,610/mo property income covering a $1,111/mo payment, not borrower’s personal income.
Manufactured
Built in 1997
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30560, Morganton, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,928 (100%) |
| Owner Occupied HU | 2,086 (53.1%) |
| Renter Occupied HU | 342 ( 8.7%) |
| Vacant Housing Units | 1,500 (38.2%) |
| Median Home Value | $397,806 |
| Average Home Value | $451,924 |
Housing Distribution
Address Breakdown
Residential
2,752
Single Family
2,752
Multi-Family
0
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices