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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Sparta at 254 Big Oconee River Rd, Sparta, GA, 31087 offers a 4.73% rental yield on a $895,000 purchase with $3,529/mo rent. 24% in year one. Equity gained on principal adds $5,775/yr while 5% annual appreciation supports $247,272 over five years. Portfolio math shows five-year ROI at 61.56% and total cumulative return in cash at $181,274. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,529/mo property income against a $4,381/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31087, Sparta, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,901 (100%) |
| Owner Occupied HU | 2,551 (52.1%) |
| Renter Occupied HU | 719 (14.7%) |
| Vacant Housing Units | 1,631 (33.3%) |
| Median Home Value | $139,082 |
| Average Home Value | $239,371 |
Residential
4,133
Single Family
4,084
Multi-Family
49
Businesses
209
Date | Event | Price |
|---|---|---|
| 2024-10-18 | Price change | $1,495,000 |
| 2024-08-08 | Listed for sale | $895,000 |
| 2023-05-01 | Listing removed | $1,250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $3862.80 | 0.93% | $120,024 | N/A |
| 2022-02-16 | $3827.20 | -0.21% | $120,024 | N/A |
| 2021-02-16 | $3835.37 | -0.15% | $120,024 | N/A |
Listed by: Margaret Decker • Lake Homes Realty, LLC
Mls Name: LCBOR
Mls Provider:
Mls ID: #66790
Disclaimer: Copyright Lake Country Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
