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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Elko at 221 Williams Cir, Elko, GA, 31025 listed at $475,000 pairs $3,389/mo rent with a $2,325/mo payment to leave $498/mo cash flow. Total monthly income runs $3,389/mo, and annual cash flow reaches $5,976/yr on $157,463 cash to close. Return on cash invested measures 23.7% in year one, and rental yield registers 8.56% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 123.04% and total cumulative return in cash totals $193,747. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,389/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
17.90 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31025, Elko, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 763 (100%) |
| Owner Occupied HU | 639 (83.7%) |
| Renter Occupied HU | 80 (10.5%) |
| Vacant Housing Units | 44 ( 5.8%) |
| Median Home Value | $357,595 |
| Average Home Value | $389,988 |
Residential
635
Single Family
635
Multi-Family
0
Businesses
22
Date | Event | Price |
|---|---|---|
| 2024-08-16 | Price change | $475,000 |
| 2024-08-16 | Listed for sale | $495,000 |
| 2024-07-17 | Pending sale | $495,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $2789.00 | 1.77% | $118,480 | 3.21% |
| 2022-09-14 | $2740.48 | 37.03% | $114,800 | 36.15% |
| 2021-09-14 | $1999.96 | 33.10% | $84,320 | 32.66% |
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Listed by: Serena Colwell • SELLERS REALTY
Mls Name: CGMLS
Mls ID: #242599
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.
