36 E 2nd StManchesterGA31816
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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
Rental property for sale in Manchester at 36 E 2nd St, Manchester, GA, 31816 priced at $239,000 converts $2,306/mo rent into $851/mo cash flow after a $1,170/mo obligation. Total monthly income equals $2,306/mo, and annual cash flow totals $10,214/yr on $79,229 invested. Return on cash invested prints 32.8% in year one, and rental yield reads 11.58% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 171.89% and total cumulative return in cash sums $136,188. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,306/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1949
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31816, Manchester, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,503 (100%) |
| Owner Occupied HU | 1,376 (55.0%) |
| Renter Occupied HU | 784 (31.3%) |
| Vacant Housing Units | 343 (13.7%) |
| Median Home Value | $155,060 |
| Average Home Value | $202,373 |
Housing Distribution
Address Breakdown
Residential
2,106
Single Family
2,106
Multi-Family
0
Businesses
246
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Listed by: Cindy K Brooks • Pathfinder Realty
Mls Name: GAMLS
Mls ID: #10625216