46 Megginson DrSummervilleGA30747
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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 Summerville at 46 Megginson Dr, Summerville, GA, 30747 offers $1,590/mo rent that, after a $832/mo payment, leaves $556/mo cash flow. Total monthly income is $1,590/mo, and annual cash flow is $6,666/yr on $56,322 cash. Return on cash invested measures 31.75% in year one, and rental yield stands at 11.23% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 166.23% and total cumulative return in cash reaches $93,626. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,590/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30747, Summerville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,781 (100%) |
| Owner Occupied HU | 4,098 (60.4%) |
| Renter Occupied HU | 1,929 (28.4%) |
| Vacant Housing Units | 754 (11.1%) |
| Median Home Value | $138,110 |
| Average Home Value | $185,207 |
Housing Distribution
Address Breakdown
Residential
6,463
Single Family
6,235
Multi-Family
228
Businesses
480
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Listed by: STEPHEN DOUGLAS Graves • Hardy Realty and Development Company
Mls Name: FMLS GA
Mls ID: #7577608