515 Grady St, Blackshear, GA, 31516 | $253/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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515 Grady St, Blackshear, GA, 31516 | $253/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Blackshear at 515 Grady St, Blackshear, GA, 31516 generates $2,316/mo in rent and, after a $1,659/mo payment, leaves $253/mo in cash flow. Total monthly income is $2,316/mo, and annual cash flow is $3,036/yr on $112,379 invested. Return on cash invested sits at 22.61% in year one, and rental yield is 8.2% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 117.24% and total cumulative return in cash sums $131,752. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,316/mo property income rather than buyer’s personal income.

Single Family

Built in 1949

0.86 Acres lot

$N/A/sqft

No HOA

More details about the property

Step into timeless charm with this beautifully updated Craftsman home featuring 4 spacious bedrooms and 2 bathrooms. Set on a desirable corner lot in the heart of Blackshear, this home combines classic character with modern updates. Inside, youll find gleaming hardwood floors, abundant natural light, and large bedroomstwo showcasing vaulted ceilings for added style and space. The updated bathrooms include a tiled shower for a fresh, modern touch. The kitchen and living spaces flow easily, making entertaining a breeze, and the inviting front porch and back deck extend your living outdoors. A sparkling pool and thoughtfully landscaped yard create the perfect backdrop for summer gatherings and quiet evenings at home. With a newer roof and recent updates throughout, this home offers peace of mind along with its many comforts. Dont miss the opportunity to own this move-in-ready Craftsman with curb appeal and lifestyle to match.

Neighborhood Data

Neighborhood data shown for ZIP Code: 31516, Blackshear, GA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,868 (100%)
Owner Occupied HU	4,805 (70.0%)
Renter Occupied HU	1,418 (20.6%)
Vacant Housing Units	645 ( 9.4%)
Median Home Value	$155,414
Average Home Value	$186,850