246 Burrell StCorneliaGA30531
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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 246 Burrell St, Cornelia, GA, 30531 listed at $249,900 pairs $1,689/mo rent with a $1,223/mo payment to leave $168/mo cash flow. Total monthly income runs $1,689/mo, and annual cash flow reaches $2,018/yr on $82,842 cash to close. Return on cash invested measures 22.35% in year one, and rental yield registers 8.11% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 115.81% and total cumulative return in cash totals $95,942. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,689/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
0.38 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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