2843 Merritt DrBufordGA30518
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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
Rental property for sale in Buford at 2843 Merritt Dr, Buford, GA, 30518 priced at $467,500 converts $2,779/mo rent into after a $2,288/mo obligation. Total monthly income equals $2,779/mo. Return on cash invested prints 19.4% in year one, and rental yield reads 7.13% against a $467,500 entry. Equity gained on principal adds $3,017/yr, while 5% annual appreciation compiles into $129,162 by year five. Five-year ROI reaches 99.95% and total cumulative return in cash sums $154,900. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,779/mo property income covering a $2,288/mo payment, not borrower’s personal income.
Single Family
Built in 1990
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30518, Buford, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,611 (100%) |
| Owner Occupied HU | 15,368 (68.0%) |
| Renter Occupied HU | 5,805 (25.7%) |
| Vacant Housing Units | 1,438 ( 6.4%) |
| Median Home Value | $432,266 |
| Average Home Value | $475,826 |
Housing Distribution
Address Breakdown
Residential
21,626
Single Family
19,745
Multi-Family
1,881
Businesses
2,045
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Listed by: Tom Peters • Coldwell Banker Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10447395
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.