601 S Goodman StSparksGA31647
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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 Sparks at 601 S Goodman St, Sparks, GA, 31647 priced at $146,000 converts $1,158/mo rent into $260/mo cash flow after a $715/mo obligation. Total monthly income equals $1,158/mo, and annual cash flow totals $3,119/yr on $48,399 invested. Return on cash invested prints 26.35% in year one, and rental yield reads 9.52% against a $146,000 entry. Equity gained on principal adds $942/yr, while 5% annual appreciation compiles into $40,337 by year five. Five-year ROI reaches 137.35% and total cumulative return in cash sums $66,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,158/mo property income covering a $715/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31647, Sparks, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,453 (100%) |
| Owner Occupied HU | 815 (56.1%) |
| Renter Occupied HU | 470 (32.3%) |
| Vacant Housing Units | 168 (11.6%) |
| Median Home Value | $136,607 |
| Average Home Value | $161,610 |
Housing Distribution
Address Breakdown
Residential
1,258
Single Family
1,258
Multi-Family
0
Businesses
48
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