506 Dewitt RdSpringfieldGA31329
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 Springfield at 506 Dewitt Rd, Springfield, GA, 31329 at $269,000 posts ROI 27.5% with $564/mo cash flow from $2,202/mo rent. Total monthly income equals $2,202/mo, and annual cash flow records $6,773/yr on $89,174 to close. Return on cash invested measures 27.5% and rental yield reads 9.82% at the current $269,000. Equity gained on principal adds $1,736/yr, and 5% annual appreciation supports $74,320 by year five. Five-year ROI prints 143.46% and total cumulative return in cash totals $127,931.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,202/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2018
1.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31329, Springfield, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,393 (100%) |
| Owner Occupied HU | 3,218 (73.3%) |
| Renter Occupied HU | 906 (20.6%) |
| Vacant Housing Units | 269 ( 6.1%) |
| Median Home Value | $279,257 |
| Average Home Value | $294,037 |
Housing Distribution
Address Breakdown
Residential
3,781
Single Family
3,781
Multi-Family
0
Businesses
289
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Listed by: Joshua R. Austin • Frank Moore & Company, LLC
Mls Name: Hive MLS
Mls ID: #SA339223