500 Highland Lakes DrEastmanGA31023
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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 Eastman at 500 Highland Lakes Dr, Eastman, GA, 31023 priced at $520,000 converts $3,178/mo rent into after a $2,545/mo obligation. Total monthly income equals $3,178/mo. Return on cash invested prints 19.63% in year one, and rental yield reads 7.33% against a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,666 by year five. Five-year ROI reaches 101.37% and total cumulative return in cash sums $173,423. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,178/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 2005
6.82 Acres lot
$N/A/sqft
$900 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31023, Eastman, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,250 (100%) |
| Owner Occupied HU | 3,514 (56.2%) |
| Renter Occupied HU | 2,112 (33.8%) |
| Vacant Housing Units | 624 ( 10.0%) |
| Median Home Value | $163,445 |
| Average Home Value | $180,653 |
Housing Distribution
Address Breakdown
Residential
5,446
Single Family
5,370
Multi-Family
76
Businesses
537
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Listed by: Lynn Davies • DESTINATION REALTY, LLC
Mls Name: CGMLS
Mls ID: #250851
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.