217 Shelby StFort OglethorpeGA30742
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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
Rental property for sale in Fort Oglethorpe at 217 Shelby St, Fort Oglethorpe, GA, 30742 priced at $210,000 converts $1,840/mo rent into $562/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,840/mo, and annual cash flow totals $6,741/yr on $69,615 invested. Return on cash invested prints 29.59% in year one, and rental yield reads 10.51% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 154.63% and total cumulative return in cash sums $107,644. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,840/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30742, Fort Oglethorpe, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,707 (100%) |
| Owner Occupied HU | 1,750 (47.2%) |
| Renter Occupied HU | 1,658 (44.7%) |
| Vacant Housing Units | 299 ( 8.1%) |
| Median Home Value | $205,072 |
| Average Home Value | $243,056 |
Housing Distribution
Address Breakdown
Residential
3,402
Single Family
3,012
Multi-Family
390
Businesses
619
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Listed by: Greg Martin • Crye-Leike, REALTORS
Mls Name: Greater Chattanooga Realtors
Mls ID: #1524893