624 Ridgeview RdMorgantonGA30560
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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 Morganton at 624 Ridgeview Rd, Morganton, GA, 30560 priced at $169,900 converts $1,320/mo rent into $286/mo cash flow after a $832/mo obligation. Total monthly income equals $1,320/mo, and annual cash flow totals $3,426/yr on $56,322 invested. Return on cash invested prints 25.99% in year one, and rental yield reads 9.32% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 135.38% and total cumulative return in cash sums $76,250. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1982
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30560, Morganton, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,928 (100%) |
| Owner Occupied HU | 2,086 (53.1%) |
| Renter Occupied HU | 342 ( 8.7%) |
| Vacant Housing Units | 1,500 (38.2%) |
| Median Home Value | $397,806 |
| Average Home Value | $451,924 |
Housing Distribution
Address Breakdown
Residential
2,752
Single Family
2,752
Multi-Family
0
Businesses
92
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