115 S Thomas StElbertonGA30635
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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 Elberton at 115 S Thomas St, Elberton, GA, 30635 offers $948/mo rent that, after a $587/mo payment, leaves $218/mo cash flow. Total monthly income is $948/mo, and annual cash flow is $2,617/yr on $39,747 cash. Return on cash invested measures 26.49% in year one, and rental yield stands at 9.49% at a $119,900 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,126 by year five. Five-year ROI records 138.15% and total cumulative return in cash reaches $54,912. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $948/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30635, Elberton, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,567 (100%) |
| Owner Occupied HU | 4,699 (62.1%) |
| Renter Occupied HU | 1,858 (24.6%) |
| Vacant Housing Units | 1,010 (13.3%) |
| Median Home Value | $142,758 |
| Average Home Value | $233,460 |
Housing Distribution
Address Breakdown
Residential
6,853
Single Family
6,648
Multi-Family
205
Businesses
760
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