97 Mill Pond PlLakelandGA31635
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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 Lakeland at 97 Mill Pond Pl, Lakeland, GA, 31635 priced at $235,000 converts $1,748/mo rent into $318/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,748/mo, and annual cash flow totals $3,816/yr on $77,903 invested. Return on cash invested prints 24.81% in year one, and rental yield reads 8.93% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 128.97% and total cumulative return in cash sums $100,468. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,748/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 2008
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31635, Lakeland, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,841 (100%) |
| Owner Occupied HU | 1,651 (58.1%) |
| Renter Occupied HU | 837 (29.5%) |
| Vacant Housing Units | 353 (12.4%) |
| Median Home Value | $177,265 |
| Average Home Value | $206,024 |
Housing Distribution
Address Breakdown
Residential
2,481
Single Family
2,423
Multi-Family
58
Businesses
220
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