408 Broad 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
Investment property for sale in Manchester at 408 Broad St, Manchester, GA, 31816 uses $48,068 cash to close to unlock $3,315/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $1,159/mo, and a $710/mo payment keeps the spread at $276/mo. Purchase price stands at $145,000, and rental yield measures 9.59% with $1,159/mo rent. Return on cash invested shows 26.8% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 139.8% and total cumulative return in cash records $67,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,159/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1910
0.47 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: Mark Spain • Mark Spain Real Estate
Mls Name: GAMLS
Mls ID: #10603645