2340 Ridgeway DrGainesvilleGA30504
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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 Gainesville at 2340 Ridgeway Dr, Gainesville, GA, 30504 earns $198/mo cash flow from $1,657/mo rent with a $1,173/mo payment. Total monthly income totals $1,657/mo, and annual cash flow totals $2,380/yr on $79,461 capital. ROI tracks 22.9% on current figures, and rental yield reads 8.3% at a $239,700 purchase. Equity gained on principal adds $1,547/yr, and 5% annual appreciation supports $66,225 over five years. Five-year ROI reaches 118.8% and total cumulative return in cash sums $94,396. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,657/mo property income instead of your personal income.
Manufactured
Built in 1973
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30504, Gainesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,118 (100%) |
| Owner Occupied HU | 6,105 (54.9%) |
| Renter Occupied HU | 4,193 (37.7%) |
| Vacant Housing Units | 820 ( 7.4%) |
| Median Home Value | $390,691 |
| Average Home Value | $462,413 |
Housing Distribution
Address Breakdown
Residential
10,304
Single Family
7,054
Multi-Family
3,250
Businesses
735
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Listed by: Dwight Joy • Your Home Sold Guaranteed Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10548652
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 2025 GAMLS. All rights reserved.