646 Corey StBaxleyGA31513
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 646 Corey St, Baxley, GA, 31513 in Baxley is narrow, $114/mo net on $2,220/mo rent after the $1,511/mo debt service, but the property operates at break-even-plus, not a loss. At $335,995 with a 7.93% yield, the long-run equity case via 5% appreciation ($92,829 over five years) and $3,095/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.47 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $134,872.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.5% |
| Monthly Cash Flow | $114 | $300 |
City averages based on Baxley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,220 |
| Total Monthly Debt Service | $1,972 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31513, Baxley, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,431 (100%) |
| Owner Occupied HU | 4,696 (63.2%) |
| Renter Occupied HU | 1,636 (22.0%) |
| Vacant Housing Units | 1,099 (14.8%) |
| Median Home Value | $123,864 |
| Average Home Value | $181,319 |
Housing Distribution
Address Breakdown
Residential
6,638
Single Family
6,608
Multi-Family
30
Businesses
575
Nearby investment properties with comparable rents
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
Single Family
Built in 2005
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31513, Baxley, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,431 (100%) |
| Owner Occupied HU | 4,696 (63.2%) |
| Renter Occupied HU | 1,636 (22.0%) |
| Vacant Housing Units | 1,099 (14.8%) |
| Median Home Value | $123,864 |
| Average Home Value | $181,319 |
Housing Distribution
Address Breakdown
Residential
6,638
Single Family
6,608
Multi-Family
30
Businesses
575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiesha Williams • Elevation Property Group LLC
Mls Name: Altamaha Basin BOR
Mls ID: #23620
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.