2223 Chase RdCorneliaGA30531
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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 Cornelia at 2223 Chase Rd, Cornelia, GA, 30531 uses $99,085 cash to close to unlock $4,738/yr annual cash flow and $395/mo monthly cash flow. Total monthly income runs $2,214/mo, and a $1,463/mo payment keeps the spread at $395/mo. Purchase price stands at $298,900, and rental yield measures 8.89% with $2,214/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $82,581 over five years. Five-year ROI reaches 128.35% and total cumulative return in cash records $127,179. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,214/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1997
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30531, Cornelia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,866 (100%) |
| Owner Occupied HU | 2,884 (59.3%) |
| Renter Occupied HU | 1,495 (30.7%) |
| Vacant Housing Units | 487 (10.0%) |
| Median Home Value | $245,546 |
| Average Home Value | $290,388 |
Housing Distribution
Address Breakdown
Residential
4,760
Single Family
4,585
Multi-Family
175
Businesses
616
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Listed by: Jackie Apigo • Nacoochee Real Estate
Mls Name: GAMLS
Mls Provider:
Mls ID: #10321745
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.