713 Summit Dr, Albany, GA, 31707 | $801/mo Cash Flow

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713 Summit Dr, Albany, GA, 31707 | $801/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Albany at 713 Summit Dr, Albany, GA, 31707 offers a 11.49% rental yield on a $229,500 purchase with $2,197/mo rent. Total monthly income registers $2,197/mo, and a $1,123/mo payment leaves $801/mo available for distribution. Annual cash flow reaches $9,606/yr on $76,079 to close, and return on cash invested stands at 32.54% in year one. Equity gained on principal adds $1,481/yr while 5% annual appreciation supports $63,407 over five years. Portfolio math shows five-year ROI at 170.44% and total cumulative return in cash at $129,666. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,197/mo property income against a $1,123/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1964

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

Well maintained and move-in ready in Lake Park Subdivision in NW Dougherty Co. ! Walking distance to schools, this home has been updated and ready for immediate living. The welcoming rocking chair front porch sets the tone for what is to come. Step inside and immediately focus on the Formal Living room and adjacent Dining Room. These rooms are light and bright and have beautiful decorator touches. The wallpaper is such a pleasing added touch! The Kitchen is open to Dining Room and Den adding to the spacious feel. The Kitchen has new countertop, a center island, stainless appliances, and recessed lighting. Located privately at the back of the house there are 3 bedrooms and 2 bathrooms. The Primary bedroom is very spacious, has two closets, and private bathroom. The bathroom has been updated and is complete with double vanity, tub/shower combo, newer lighting, and tile flooring. The other 2 bedrooms are roomy and are served by the beautiful hall bathroom. Outside you will find a covered patio area as well as an open area that is perfect for grilling. The back yard is fenced and is access from the alley. Other features include low maintenance brick exterior, neutral wall paint throughout, hardwood and ceramic tile flooring, recessed lighting, newer light fixtures, double garage, ceiling fans, plantation blinds, granite countertop, stainless appliance, crown molding & chair rail, and much moreCall a Realtor today so you can have a chance to own this wonderful property!

Neighborhood Data

Neighborhood data shown for ZIP Code: 31707, Albany, GA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,486 (100%)
Owner Occupied HU	4,426 (38.5%)
Renter Occupied HU	5,678 (49.4%)
Vacant Housing Units	1,382 (12.0%)
Median Home Value	$143,424
Average Home Value	$181,357