2624 Walnut RdGainesvilleGA30506
Nearby investment properties with comparable rents
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 Gainesville at 2624 Walnut Rd, Gainesville, GA, 30506 uses $91,163 cash to close to unlock $3,003/yr annual cash flow and $250/mo monthly cash flow. Total monthly income runs $1,924/mo, and a $1,346/mo payment keeps the spread at $250/mo. Purchase price stands at $275,000, and rental yield measures 8.4% with $1,924/mo rent. Return on cash invested shows 23.2% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 120.4% and total cumulative return in cash records $109,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,924/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30506, Gainesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,265 (100%) |
| Owner Occupied HU | 14,345 (74.5%) |
| Renter Occupied HU | 3,291 (17.1%) |
| Vacant Housing Units | 1,629 ( 8.5%) |
| Median Home Value | $481,820 |
| Average Home Value | $552,901 |
Housing Distribution
Address Breakdown
Residential
18,936
Single Family
18,431
Multi-Family
505
Businesses
253
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon Watts • Virtual Properties Realty.com
Mls Name: GAMLS
Mls ID: #10631210