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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Folkston at 400 1st St, Folkston, GA, 31537 priced at $499,000 converts $2,940/mo rent into after a $2,442/mo obligation. Total monthly income equals $2,940/mo. Return on cash invested prints 19.21% in year one, and rental yield reads 7.07% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 98.96% and total cumulative return in cash sums $163,698. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,940/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31537, Folkston, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,830 (100%) |
| Owner Occupied HU | 2,495 (65.1%) |
| Renter Occupied HU | 848 (22.1%) |
| Vacant Housing Units | 487 (12.7%) |
| Median Home Value | $170,560 |
| Average Home Value | $222,814 |
Residential
3,308
Single Family
3,268
Multi-Family
40
Businesses
320
Date | Event | Price |
|---|---|---|
| 2025-02-11 | Price change | $499,000 |
| 2025-01-29 | Price change | $549,000 |
| 2025-01-26 | Price change | $569,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $2758.96 | 29.26% | $83,524 | 6.04% |
| 2022-02-16 | $2134.45 | 335.58% | $78,764 | 166.02% |
| 2021-02-16 | $490.02 | 0.39% | $29,608 | N/A |
Listed by: Melissa Johnson • St Marys Realty Inc Island Si
Mls Name: GIAOR
Mls ID: #1649959
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
