783 Parham RdMilledgevilleGA31061
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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 Milledgeville at 783 Parham Rd, Milledgeville, GA, 31061 priced at $714,000 converts $3,083/mo rent into after a $3,495/mo obligation. Total monthly income equals $3,083/mo. Return on cash invested prints 13.57% in year one, and rental yield reads 5.18% against a $714,000 entry. Equity gained on principal adds $4,607/yr, while 5% annual appreciation compiles into $197,265 by year five. Five-year ROI reaches 68.68% and total cumulative return in cash sums $161,323. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,083/mo property income covering a $3,495/mo payment, not borrower’s personal income.
Single Family
Built in 2006
1.79 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31061, Milledgeville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,866 (100%) |
| Owner Occupied HU | 9,803 (49.3%) |
| Renter Occupied HU | 6,348 (32.0%) |
| Vacant Housing Units | 3,715 (18.7%) |
| Median Home Value | $224,135 |
| Average Home Value | $295,359 |
Housing Distribution
Address Breakdown
Residential
17,899
Single Family
16,975
Multi-Family
924
Businesses
1,303
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Listed by: Janet Getter • Fickling & Company Lake Country
Mls Name: LCBOR
Mls Provider:
Mls ID: #67187
Disclaimer: Copyright Lake Country Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.