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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newnan at 963 Highway 16 W, Newnan, GA, 30263 generates $3,824/mo in rent, after a $3,083/mo payment. Total monthly income is $3,824/mo. Return on cash invested sits at 20% in year one, and rental yield is 7.28% on a $629,900 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation builds toward $174,030 over five years. Five-year ROI reaches 103.19% and total cumulative return in cash sums $213,855. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,824/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
5 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30263, Newnan, GA area.
| 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 |
Residential
24,261
Single Family
21,808
Multi-Family
2,453
Businesses
1,466
Date | Event | Price |
|---|---|---|
| 2024-06-28 | Listed for sale | $629,900 |
| 2021-08-06 | Sold | $499,900 |
| 2019-03-29 | Sold | $410,778 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $4002.08 | 15.08% | $204,834 | 17.36% |
| 2022-10-18 | $3477.52 | -16.25% | $174,534 | 11.40% |
| 2021-10-18 | $4152.02 | N/A | $156,668 | N/A |
What's Special
Pull Down Stairs
Listed by: Jodie Shepard • Lindsey's Inc., Realtors
Mls Name: GAMLS
Mls Provider:
Mls ID: #10328951
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
