37 Mill Ridge PlNewnanGA30263
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
Investment property for sale in Newnan at 37 Mill Ridge Pl, Newnan, GA, 30263 with 5% annual appreciation on a $292,500 basis while $3,271/mo rent supports operations. Total monthly income totals $3,271/mo and a $1,432/mo payment preserves $1,490/mo for cash returns. Annual cash flow comes to $17,885/yr on $96,964 deployed, and return on cash invested reaches 38.35% in year one. Equity gained on principal adds $1,887/yr, and five-year appreciation sums $80,812 alongside rental yield of 13.42%. Five-year ROI measures 201.65% and total cumulative return in cash totals $195,525.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,271/mo property income versus a $1,432/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30263, Newnan, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,277 (100%) |
| Owner Occupied HU | 15,885 (60.5%) |
| Renter Occupied HU | 8,981 (34.2%) |
| Vacant Housing Units | 1,411 ( 5.4%) |
| Median Home Value | $344,777 |
| Average Home Value | $386,235 |
Housing Distribution
Address Breakdown
Residential
24,261
Single Family
21,808
Multi-Family
2,453
Businesses
1,466
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ana M Williams • 1st Class R.E. Excellence
Mls Name: GAMLS
Mls Provider:
Mls ID: #10375286
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.