18 Spring StGainesvilleGA30501
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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 Gainesville at 18 Spring St, Gainesville, GA, 30501 uses $55,659 cash to close to unlock $3,311/yr annual cash flow and $276/mo monthly cash flow. Total monthly income runs $1,298/mo, and a $822/mo payment keeps the spread at $276/mo. Purchase price stands at $167,900, and rental yield measures 9.28% with $1,298/mo rent. Return on cash invested shows 25.86% in year one, and 5% annual appreciation builds toward $46,388 over five years. Five-year ROI reaches 134.57% and total cumulative return in cash records $74,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,298/mo property income covering a $822/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.32 Acres 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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Listed by: Kristi L Young • The Norton Agency
Mls Name: GAMLS
Mls ID: #10650759