506 Ricks AveLake ParkGA31636
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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 Lake Park at 506 Ricks Ave, Lake Park, GA, 31636 priced at $150,000 pairs $1,349/mo rent with $436/mo cash flow after a $734/mo payment. Total monthly income equals $1,349/mo, and annual cash flow comes to $5,235/yr on $49,725 invested. Return on cash invested is 30.44% in year one, and rental yield stands at 10.79% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 159.24% and total cumulative return in cash reaches $79,182. For financing, Ziffy Mortgage’s DSCR program evaluates $1,349/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31636, Lake Park, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,837 (100%) |
| Owner Occupied HU | 2,882 (59.6%) |
| Renter Occupied HU | 1,343 (27.8%) |
| Vacant Housing Units | 612 (12.7%) |
| Median Home Value | $256,798 |
| Average Home Value | $294,978 |
Housing Distribution
Address Breakdown
Residential
4,320
Single Family
4,144
Multi-Family
176
Businesses
275
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