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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Patterson at 6232 Academy St, Patterson, GA, 31557 uses $56,322 cash to close to unlock $9,990/yr annual cash flow and $833/mo monthly cash flow. Total monthly income runs $1,867/mo, and a $832/mo payment keeps the spread at $833/mo. Purchase price stands at $169,900, and rental yield measures 13.19% with $1,867/mo rent. Return on cash invested shows 37.65% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 197.85% and total cumulative return in cash records $111,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,867/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31557, Patterson, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,460 (100%) |
| Owner Occupied HU | 1,035 (70.9%) |
| Renter Occupied HU | 240 (16.4%) |
| Vacant Housing Units | 185 (12.7%) |
| Median Home Value | $171,274 |
| Average Home Value | $188,971 |
Residential
1,281
Single Family
1,281
Multi-Family
0
Businesses
66
Date | Event | Price |
|---|---|---|
| 2024-08-10 | Price change | $169,900 |
| 2024-07-26 | Listed for sale | $179,900 |
| 2024-03-06 | Sold | $21,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-09-15 | $490.83 | -4.85% | $18,164 | 3.91% |
| 2021-09-15 | $515.87 | 3.44% | $17,480 | 4.07% |
| 2020-09-15 | $498.72 | 9.83% | $16,796 | N/A |
Listed by: Aaron Alderman • Alderman Realty
Mls Name: Douglas Coffee County BOR
Mls ID: #113736
Disclaimer: Copyright Douglas Coffee County Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
