55 Erin WayCommerceGA30529
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
Rental property for sale in Commerce at 55 Erin Way, Commerce, GA, 30529 priced at $360,000 converts $3,934/mo rent into $1,648/mo cash flow after a $1,762/mo obligation. Total monthly income equals $3,934/mo, and annual cash flow totals $19,774/yr on $119,340 invested. Return on cash invested prints 36.48% in year one, and rental yield reads 13.11% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 191.9% and total cumulative return in cash sums $229,017. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,934/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.35 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30529, Commerce, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,262 (100%) |
| Owner Occupied HU | 3,335 (63.4%) |
| Renter Occupied HU | 1,562 (29.7%) |
| Vacant Housing Units | 365 ( 6.9%) |
| Median Home Value | $303,535 |
| Average Home Value | $329,227 |
Housing Distribution
Address Breakdown
Residential
5,396
Single Family
5,100
Multi-Family
296
Businesses
918
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Nearby investment properties with comparable prices
Listed by: Beth Harrell • GA Realty, LLC.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7411842
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