208 Summit StEllijayGA30540
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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 Ellijay at 208 Summit St, Ellijay, GA, 30540 earns $247/mo cash flow from $2,674/mo rent with a $1,879/mo payment. Total monthly income totals $2,674/mo, and annual cash flow totals $2,969/yr on $127,296 capital. ROI tracks 22.24% on current figures, and rental yield reads 8.36% at a $384,000 purchase. Equity gained on principal adds $2,478/yr, and 5% annual appreciation supports $106,092 over five years. Five-year ROI reaches 115.53% and total cumulative return in cash sums $147,068. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,674/mo property income instead of your personal income.
Single Family
Built in 2000
0.73 Acres lot
$N/A/sqft
$1,080 annually 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
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Listed by: Kendall Wiseley • BHGRE Metro Brokers - Ellijay
Mls Name: NGBOR
Mls ID: #416440
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.