137 Solomon DrEllenwoodGA30294
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ellenwood at 137 Solomon Dr, Ellenwood, GA, 30294 priced at $282,000 converts $2,384/mo rent into $668/mo cash flow after a $1,380/mo obligation. Total monthly income equals $2,384/mo, and annual cash flow totals $8,015/yr on $93,483 invested. Return on cash invested prints 28.48% in year one, and rental yield reads 10.14% against a $282,000 entry. Equity gained on principal adds $1,820/yr, while 5% annual appreciation compiles into $77,911 by year five. Five-year ROI reaches 148.67% and total cumulative return in cash sums $138,985. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,384/mo property income covering a $1,380/mo payment, not borrower’s personal income.
Single Family
Built in 1998
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30294, Ellenwood, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,237 (100%) |
| Owner Occupied HU | 11,663 (76.5%) |
| Renter Occupied HU | 2,964 (19.5%) |
| Vacant Housing Units | 610 ( 4.0%) |
| Median Home Value | $291,468 |
| Average Home Value | $354,414 |
Housing Distribution
Address Breakdown
Residential
15,511
Single Family
14,965
Multi-Family
546
Businesses
548
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices