42 Lagoon RdStatesboroGA30461
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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 Statesboro at 42 Lagoon Rd, Statesboro, GA, 30461 generates $1,679/mo in rent, after a $1,415/mo payment. Total monthly income is $1,679/mo. Return on cash invested sits at 18.9% in year one, and rental yield is 6.97% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 97.34% and total cumulative return in cash sums $93,254. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,679/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30461, Statesboro, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,075 (100%) |
| Owner Occupied HU | 4,468 (63.2%) |
| Renter Occupied HU | 2,104 (29.7%) |
| Vacant Housing Units | 503 ( 7.1%) |
| Median Home Value | $287,737 |
| Average Home Value | $300,445 |
Housing Distribution
Address Breakdown
Residential
7,064
Single Family
7,048
Multi-Family
16
Businesses
167
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Listed by: Darla Royal • Southern Key Realty
Mls Name: GAMLS
Mls ID: #10548837