500 Washboard RdClevelandGA30528
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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 Cleveland at 500 Washboard Rd, Cleveland, GA, 30528 offers $5,234/mo rent that, after a $1,786/mo payment, leaves $3,013/mo cash flow. Total monthly income is $5,234/mo, and annual cash flow is $36,156/yr on $120,998 cash. Return on cash invested measures 49.79% in year one, and rental yield stands at 17.21% at a $365,000 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,843 by year five. Five-year ROI records 262.98% and total cumulative return in cash reaches $318,199. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,234/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30528, Cleveland, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,778 (100%) |
| Owner Occupied HU | 7,249 (67.3%) |
| Renter Occupied HU | 2,150 (19.9%) |
| Vacant Housing Units | 1,379 (12.8%) |
| Median Home Value | $316,813 |
| Average Home Value | $354,759 |
Housing Distribution
Address Breakdown
Residential
9,869
Single Family
9,726
Multi-Family
143
Businesses
935
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Listed by: Sandi Watkins • Fourth Mountain Real Estate
Mls Name: GAMLS
Mls Provider:
Mls ID: #10373816
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.