118 Oak DrElbertonGA30635
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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 Elberton at 118 Oak Dr, Elberton, GA, 30635 with 5% annual appreciation on a $121,000 basis while $2,677/mo rent supports operations. Total monthly income totals $2,677/mo and a $592/mo payment preserves $1,941/mo for cash returns. Annual cash flow comes to $23,290/yr on $40,112 deployed, and return on cash invested reaches 77.97% in year one. Equity gained on principal adds $781/yr, and five-year appreciation sums $33,430 alongside rental yield of 26.55%. Five-year ROI measures 414.1% and total cumulative return in cash totals $166,101.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,677/mo property income versus a $592/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
0.36 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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Listed by: Tanya L. Terry • RE/MAX Complete
Mls Name: GAMLS
Mls Provider:
Mls ID: #20176095
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.