7 Wheat StNewnanGA30263
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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 Newnan at 7 Wheat St, Newnan, GA, 30263 priced at $219,300 converts $2,066/mo rent into $713/mo cash flow after a $1,073/mo obligation. Total monthly income equals $2,066/mo, and annual cash flow totals $8,552/yr on $72,698 invested. Return on cash invested prints 31.67% in year one, and rental yield reads 11.31% against a $219,300 entry. Equity gained on principal adds $1,415/yr, while 5% annual appreciation compiles into $60,589 by year five. Five-year ROI reaches 165.92% and total cumulative return in cash sums $120,619. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,066/mo property income covering a $1,073/mo payment, not borrower’s personal income.
Single Family
Built in 1940
4,356 sqft lot
$N/A/sqft
$19 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30263, Newnan, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,277 (100%) |
| Owner Occupied HU | 15,885 (60.5%) |
| Renter Occupied HU | 8,981 (34.2%) |
| Vacant Housing Units | 1,411 ( 5.4%) |
| Median Home Value | $344,777 |
| Average Home Value | $386,235 |
Housing Distribution
Address Breakdown
Residential
24,261
Single Family
21,808
Multi-Family
2,453
Businesses
1,466
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