1238 Mill St SEGainesvilleGA30501
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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 Gainesville at 1238 Mill St SE, Gainesville, GA, 30501 priced at $226,100 converts $2,096/mo rent into $687/mo cash flow after a $1,107/mo obligation. Total monthly income equals $2,096/mo, and annual cash flow totals $8,246/yr on $74,952 invested. Return on cash invested prints 30.91% in year one, and rental yield reads 11.12% against a $226,100 entry. Equity gained on principal adds $1,459/yr, while 5% annual appreciation compiles into $62,467 by year five. Five-year ROI reaches 161.94% and total cumulative return in cash sums $121,374. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,096/mo property income covering a $1,107/mo payment, not borrower’s personal income.
Single Family
Built in 1938
7,405 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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