110 Summit St SEGainesvilleGA30501
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 110 Summit St SE, Gainesville, GA, 30501 in Gainesville. At $285,000 it earns $2,340/mo in rent and distributes $605/mo to the owner after the $1,282/mo payment, a consistent 9.85% yield. DSCR 1.83 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $78,740 in value; $2,625/yr in principal paydown compounds ownership stake. Total projected return: $146,903.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 5.8% |
| Monthly Cash Flow | $605 | $285 |
City averages based on Gainesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,340 |
| Total Monthly Debt Service | $1,621 |
| DSCR Ratio | 1.44x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1940
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1940
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Silva • Titan Realty Advisors
Mls Name: Hive MLS
Mls ID: #CL340255