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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 Folkston at 97 Palmetto Ln, Folkston, GA, 31537 generates $1,165/mo in rent and, after a $719/mo payment, leaves $271/mo in cash flow. Total monthly income is $1,165/mo, and annual cash flow is $3,250/yr on $48,729 invested. Return on cash invested sits at 26.58% in year one, and rental yield is 9.51% on a $146,995 entry. Equity gained on principal adds $949/yr, while 5% annual appreciation builds toward $40,612 over five years. Five-year ROI reaches 138.49% and total cumulative return in cash sums $67,486. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,165/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31537, Folkston, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,830 (100%) |
| Owner Occupied HU | 2,495 (65.1%) |
| Renter Occupied HU | 848 (22.1%) |
| Vacant Housing Units | 487 (12.7%) |
| Median Home Value | $170,560 |
| Average Home Value | $222,814 |
Residential
3,308
Single Family
3,268
Multi-Family
40
Businesses
320
Date | Event | Price |
|---|---|---|
| 2025-01-28 | Price change | $146,995 |
| 2025-01-22 | Price change | $144,995 |
| 2025-01-14 | Price change | $149,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Nikhil Sharma • TOP Brokerage, LLC
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7491123
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