783 Parham RdMilledgevilleGA31061
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 783 Parham Rd, Milledgeville, GA, 31061 in Milledgeville is capital appreciation. Rental yield 5.18%. The 5.18% gross yield at $714,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $197,265 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.96) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $188,655.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 6.0% |
| Monthly Cash Flow | $(1,271) | $300 |
City averages based on Milledgeville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,083 |
| Total Monthly Debt Service | $4,070 |
| DSCR Ratio | 0.76x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.