Factor in financing to see your actual return on invested capital in Rome.
$
$57,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-8.21%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$64,400
$57,500 down + $6,900 closing
Monthly Mortgage
$1,125
on $173K loan
Monthly Cash Flow
$-441
after all expenses
Annual Cash Flow
$-5,287
before taxes
Cash Flow Breakdown
Monthly Rent$1,180
Less Expenses−$496
Less Mortgage−$1,125
Monthly Cash Flow$-441
Is Rome a Good Place to Invest in Rental Property?
Rome, GA has a population of 50,000 and has been growing at 0.9% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $230,000 paired with median rents of $1,180/mo produces an estimated cap rate of 4.04%.
Property taxes at 0.93% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 6.2% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 4.7x, homes cost about 4.7 times the local median income of $49,350. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.9% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Rome presents moderate opportunities. Cap rates near 4.04% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.
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