18 2nd StEllijayGA30540
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 18 2nd St, Ellijay, GA, 30540 in Ellijay is narrow, $123/mo net on $908/mo rent after the $517/mo debt service, but the property operates at break-even-plus, not a loss. At $115,000 with a 9.47% yield, the long-run equity case via 5% appreciation ($31,772 over five years) and $1,059/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.76 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $56,963.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.0% |
| Monthly Cash Flow | $123 | $1,500 |
City averages based on Ellijay market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $908 |
| Total Monthly Debt Service | $654 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2008
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30540, Ellijay, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,365 (100%) |
| Owner Occupied HU | 6,883 (60.6%) |
| Renter Occupied HU | 1,606 (14.1%) |
| Vacant Housing Units | 2,876 (25.3%) |
| Median Home Value | $336,590 |
| Average Home Value | $386,093 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
9,505
Multi-Family
77
Businesses
937
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
Single Family
Built in 2008
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30540, Ellijay, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,365 (100%) |
| Owner Occupied HU | 6,883 (60.6%) |
| Renter Occupied HU | 1,606 (14.1%) |
| Vacant Housing Units | 2,876 (25.3%) |
| Median Home Value | $336,590 |
| Average Home Value | $386,093 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
9,505
Multi-Family
77
Businesses
937
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices