629 Cooper AveEastmanGA31023
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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
Investment property for sale in Eastman at 629 Cooper Ave, Eastman, GA, 31023 uses $42,101 cash to close to unlock $8,288/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $1,464/mo, and a $622/mo payment keeps the spread at $691/mo. Purchase price stands at $127,000, and rental yield measures 13.83% with $1,464/mo rent. Return on cash invested shows 39.6% in year one, and 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 208.29% and total cumulative return in cash records $87,693. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,464/mo property income covering a $622/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31023, Eastman, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,250 (100%) |
| Owner Occupied HU | 3,514 (56.2%) |
| Renter Occupied HU | 2,112 (33.8%) |
| Vacant Housing Units | 624 ( 10.0%) |
| Median Home Value | $163,445 |
| Average Home Value | $180,653 |
Housing Distribution
Address Breakdown
Residential
5,446
Single Family
5,370
Multi-Family
76
Businesses
537
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Listed by: Stephanie Griffis • DESTINATION REALTY, LLC
Mls Name: CGMLS
Mls ID: #246930
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.