1167 E Lake DrGainesvilleGA30506
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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 1167 E Lake Dr, Gainesville, GA, 30506 offers a 6.97% rental yield on a $679,900 purchase with $3,949/mo rent. 05% in year one. Equity gained on principal adds $4,387/yr while 5% annual appreciation supports $187,844 over five years. Portfolio math shows five-year ROI at 98.04% and total cumulative return in cash at $219,293. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,949/mo property income against a $3,328/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30506, Gainesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,265 (100%) |
| Owner Occupied HU | 14,345 (74.5%) |
| Renter Occupied HU | 3,291 (17.1%) |
| Vacant Housing Units | 1,629 ( 8.5%) |
| Median Home Value | $481,820 |
| Average Home Value | $552,901 |
Housing Distribution
Address Breakdown
Residential
18,936
Single Family
18,431
Multi-Family
505
Businesses
253
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Listed by: Colleen Stellwagen • Southern Grandeur Real Estate Group, Inc.
Mls Name: FMLS GA
Mls ID: #7678447