230 Magnolia Villas DrCorneliaGA30531
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Nearby investment properties with comparable prices
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 230 Magnolia Villas Dr, Cornelia, GA, 30531 uses $125,148 cash to close to unlock $25,383/yr annual cash flow and $2,115/mo monthly cash flow. Total monthly income runs $4,434/mo, and a $1,848/mo payment keeps the spread at $2,115/mo. Purchase price stands at $377,520, and rental yield measures 14.09% with $4,434/mo rent. Return on cash invested shows 40.19% in year one, and 5% annual appreciation builds toward $104,302 over five years. Five-year ROI reaches 211.57% and total cumulative return in cash records $264,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,434/mo property income covering a $1,848/mo payment rather than investor’s personal income.
Single Family
Built in 2024
9,583 sqft lot
$N/A/sqft
$250 annually 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: Meagan Porter-Sims • Adams Homes Realty Inc.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7453754
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