2905 Florence 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 2905 Florence Dr, Gainesville, GA, 30504 earns $238/mo cash flow from $1,668/mo rent with a $1,150/mo payment. Total monthly income totals $1,668/mo, and annual cash flow totals $2,857/yr on $77,869 capital. ROI tracks 23.58% on current figures, and rental yield reads 8.52% at a $234,900 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,899 over five years. Five-year ROI reaches 122.43% and total cumulative return in cash sums $95,337. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,668/mo property income instead of your personal income.
Condo
Built in 1997
871.20 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: Josefina Cautino • Bella Realty Group, Inc.
Mls Name: GAMLS
Mls ID: #10615559