2224 Colonial DrGainesvilleGA30501
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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 Gainesville at 2224 Colonial Dr, Gainesville, GA, 30501 generates $2,748/mo in rent and, after a $2,080/mo payment, leaves $162/mo in cash flow. Total monthly income is $2,748/mo, and annual cash flow is $1,938/yr on $140,888 invested. Return on cash invested sits at 21.28% in year one, and rental yield is 7.76% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 110.09% and total cumulative return in cash sums $155,105. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,748/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.61 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: R Brad Abernathy • Next Boulevard Real Estate
Mls Name: FMLS GA
Mls ID: #7695894