298 Mount Vernon DrCalhounGA30701
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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 Calhoun at 298 Mount Vernon Dr, Calhoun, GA, 30701 generates $1,991/mo in rent and, after a $1,052/mo payment, leaves $550/mo in cash flow. Total monthly income is $1,991/mo, and annual cash flow is $6,597/yr on $71,273 invested. Return on cash invested sits at 29.17% in year one, and rental yield is 11.11% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 153.17% and total cumulative return in cash sums $109,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,991/mo property income rather than buyer’s personal income.
Condo
Built in 1995
1,054 sqft lot
$N/A/sqft
$133 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30701, Calhoun, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,271 (100%) |
| Owner Occupied HU | 10,664 (61.7%) |
| Renter Occupied HU | 5,610 (32.5%) |
| Vacant Housing Units | 997 ( 5.8%) |
| Median Home Value | $247,601 |
| Average Home Value | $288,486 |
Housing Distribution
Address Breakdown
Residential
16,652
Single Family
16,008
Multi-Family
644
Businesses
1,280
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Listed by: Brenda Black • Century 21 The Avenues
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7496974
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