413 E Johnson StQuitmanGA31643
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 413 E Johnson St, Quitman, GA, 31643 in Quitman worth modelling. At $230,500 with a 7.72% gross yield, the $2,732/mo rent leaves $146/mo after the $1,036/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 2.64 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $63,683 by year five; $2,123/yr in principal reduction adds further equity. Total projected return: $167,142.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 8.0% |
| Monthly Cash Flow | $146 | $1,200 |
City averages based on Quitman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,732 |
| Total Monthly Debt Service | $1,407 |
| DSCR Ratio | 1.94x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31643, Quitman, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,926 (100%) |
| Owner Occupied HU | 2,240 (57.1%) |
| Renter Occupied HU | 1,184 (30.2%) |
| Vacant Housing Units | 502 (12.8%) |
| Median Home Value | $158,147 |
| Average Home Value | $243,631 |
Housing Distribution
Address Breakdown
Residential
3,588
Single Family
3,491
Multi-Family
97
Businesses
345
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
Single Family
Built in 1900
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31643, Quitman, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,926 (100%) |
| Owner Occupied HU | 2,240 (57.1%) |
| Renter Occupied HU | 1,184 (30.2%) |
| Vacant Housing Units | 502 (12.8%) |
| Median Home Value | $158,147 |
| Average Home Value | $243,631 |
Housing Distribution
Address Breakdown
Residential
3,588
Single Family
3,491
Multi-Family
97
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices