62 Eleanor PlRay CityGA31645
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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 Ray City at 62 Eleanor Pl, Ray City, GA, 31645 offers $1,836/mo rent that, after a $1,114/mo payment, leaves $439/mo cash flow. Total monthly income is $1,836/mo, and annual cash flow is $5,270/yr on $75,416 cash. Return on cash invested measures 26.9% in year one, and rental yield stands at 9.68% at a $227,500 entry. Equity gained on principal adds $1,468/yr while 5% annual appreciation compounds into $62,854 by year five. Five-year ROI records 140.31% and total cumulative return in cash reaches $105,818. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,836/mo property income versus a $1,114/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31645, Ray City, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,167 (100%) |
| Owner Occupied HU | 1,329 (61.3%) |
| Renter Occupied HU | 624 (28.8%) |
| Vacant Housing Units | 214 ( 9.9%) |
| Median Home Value | $181,706 |
| Average Home Value | $190,028 |
Housing Distribution
Address Breakdown
Residential
1,863
Single Family
1,863
Multi-Family
0
Businesses
45
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