296 10th StEllijayGA30540
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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 Ellijay at 296 10th St, Ellijay, GA, 30540 generates $1,404/mo in rent and, after a $548/mo payment, leaves $637/mo in cash flow. Total monthly income is $1,404/mo, and annual cash flow is $7,645/yr on $37,128 invested. Return on cash invested sits at 40.5% in year one, and rental yield is 15.04% on a $112,000 entry. Equity gained on principal adds $723/yr, while 5% annual appreciation builds toward $30,944 over five years. Five-year ROI reaches 214.26% and total cumulative return in cash sums $79,551. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,404/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
N/A lot
$N/A/sqft
$1,025 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30540, Ellijay, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,365 (100%) |
| Owner Occupied HU | 6,883 (60.6%) |
| Renter Occupied HU | 1,606 (14.1%) |
| Vacant Housing Units | 2,876 (25.3%) |
| Median Home Value | $336,590 |
| Average Home Value | $386,093 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
9,505
Multi-Family
77
Businesses
937
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Listed by: Catherine Benitez • RE/MAX Town & Country
Mls Name: GAMLS
Mls Provider:
Mls ID: #10401369
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 2024 GAMLS. All rights reserved.