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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newnan at 48 Russet Way LOT 52, Newnan, GA, 30263 generates $2,207/mo in rent, after a $1,694/mo payment. Total monthly income is $2,207/mo. Return on cash invested sits at 19.39% in year one, and rental yield is 7.65% on a $346,170 entry. Equity gained on principal adds $2,234/yr, while 5% annual appreciation builds toward $95,640 over five years. Five-year ROI reaches 100.51% and total cumulative return in cash sums $115,343. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,207/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
6,969 sqft lot
$N/A/sqft
$1,800 annually HOA
Neighborhood data shown for ZIP Code: 30263, Newnan, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,277 (100%) |
| Owner Occupied HU | 15,885 (60.5%) |
| Renter Occupied HU | 8,981 (34.2%) |
| Vacant Housing Units | 1,411 ( 5.4%) |
| Median Home Value | $344,777 |
| Average Home Value | $386,235 |
Residential
24,261
Single Family
21,808
Multi-Family
2,453
Businesses
1,466
Date | Event | Price |
|---|---|---|
| 2024-09-29 | Listed for sale | $346,170 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Pull Down Stairs
Listed by: Victoria Massassi • Piedmont Residential Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10386372
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.
