420-422 Andover Dr #424StatesboroGA30458
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 Statesboro at 420-422 Andover Dr #424, Statesboro, GA, 30458 listed at $760,000 pairs $2,100/mo rent with a $3,720/mo payment. Total monthly income runs $2,100/mo. Return on cash invested measures 7.78% in year one, and rental yield registers 3.32% at a $760,000 basis. Equity gained on principal adds $4,904/yr, and annual property appreciation at 5% supports $209,974 by year five. Five-year ROI tracks 37.68% and total cumulative return in cash totals $94,213. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,100/mo property income relative to a $3,720/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2020
8,712 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30458, Statesboro, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,226 (100%) |
| Owner Occupied HU | 7,056 (33.2%) |
| Renter Occupied HU | 11,701 (55.1%) |
| Vacant Housing Units | 2,469 (11.6%) |
| Median Home Value | $256,340 |
| Average Home Value | $297,313 |
Housing Distribution
Address Breakdown
Residential
16,957
Single Family
15,418
Multi-Family
1,539
Businesses
1,531
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Todd Sarratt • Coldwell Banker Conner Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10405118
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.