1303 Mitchell CirSummervilleGA30747
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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 Summerville at 1303 Mitchell Cir, Summerville, GA, 30747 listed at $169,900 pairs $2,040/mo rent with a $832/mo payment to leave $1,006/mo cash flow. Total monthly income runs $2,040/mo, and annual cash flow reaches $12,066/yr on $56,322 cash to close. Return on cash invested measures 41.33% in year one, and rental yield registers 14.41% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 217.62% and total cumulative return in cash totals $122,570. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,040/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30747, Summerville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,781 (100%) |
| Owner Occupied HU | 4,098 (60.4%) |
| Renter Occupied HU | 1,929 (28.4%) |
| Vacant Housing Units | 754 (11.1%) |
| Median Home Value | $138,110 |
| Average Home Value | $185,207 |
Housing Distribution
Address Breakdown
Residential
6,463
Single Family
6,235
Multi-Family
228
Businesses
480
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Listed by: Melanie Sims • New Creation Real Estate
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523598