1068 Mill StGainesvilleGA30501
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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
Investment property for sale in Gainesville at 1068 Mill St, Gainesville, GA, 30501 listed at $289,900 pairs $2,275/mo rent with a $1,419/mo payment to leave $511/mo cash flow. Total monthly income runs $2,275/mo, and annual cash flow reaches $6,126/yr on $96,102 cash to close. Return on cash invested measures 26.28% in year one, and rental yield registers 9.42% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 136.91% and total cumulative return in cash totals $131,577. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,275/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1938
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30501, Gainesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,257 (100%) |
| Owner Occupied HU | 4,896 (36.9%) |
| Renter Occupied HU | 6,872 (51.8%) |
| Vacant Housing Units | 1,489 (11.2%) |
| Median Home Value | $366,564 |
| Average Home Value | $448,698 |
Housing Distribution
Address Breakdown
Residential
11,603
Single Family
9,834
Multi-Family
1,769
Businesses
2,278
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Listed by: Camille Viera • La Rosa Realty Georgia
Mls Name: FMLS GA
Mls ID: #7689364