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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% |
Rental property for sale in Midway at 64 Lake No No Rd, Midway, GA, 31320 priced at $415,000 converts $2,195/mo rent into after a $2,031/mo obligation. Total monthly income equals $2,195/mo. Return on cash invested prints 16.63% in year one, and rental yield reads 6.35% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 85.3% and total cumulative return in cash sums $117,345. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,195/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.76 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood data shown for ZIP Code: 31320, Midway, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,724 (100%) |
| Owner Occupied HU | 3,208 (67.9%) |
| Renter Occupied HU | 890 (18.8%) |
| Vacant Housing Units | 626 (13.3%) |
| Median Home Value | $272,681 |
| Average Home Value | $292,094 |
Residential
4,564
Single Family
4,441
Multi-Family
123
Businesses
177
Date | Event | Price |
|---|---|---|
| 2025-02-06 | Listed for sale | $415,000 |
| 2022-05-27 | Sold | $350,000 |
| 2022-05-11 | Pending sale | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $3740.83 | N/A | $84,256 | 18.25% |
| 2022-02-15 | N/A | N/A | $71,250 | 8.64% |
| 2021-02-15 | $173.76 | 6.00% | $65,586 | -1.12% |
Listed by: Amy M. Gutting • Re/Max Savannah
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #325458
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.
