304 S Cherokee StLa FayetteGA30728
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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 La Fayette at 304 S Cherokee St, La Fayette, GA, 30728 uses $72,267 cash to close to unlock $255/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $1,348/mo, and a $1,067/mo payment keeps the spread at $21/mo. Purchase price stands at $218,000, and rental yield measures 7.42% with $1,348/mo rent. Return on cash invested shows 20.26% in year one, and 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 104.66% and total cumulative return in cash records $75,631. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,348/mo property income covering a $1,067/mo payment rather than investor’s personal income.
Multi Family
Built in 1922
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30728, La Fayette, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,319 (100%) |
| Owner Occupied HU | 5,348 (64.3%) |
| Renter Occupied HU | 2,074 (24.9%) |
| Vacant Housing Units | 897 (10.8%) |
| Median Home Value | $195,833 |
| Average Home Value | $218,043 |
Housing Distribution
Address Breakdown
Residential
7,906
Single Family
7,801
Multi-Family
105
Businesses
577
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Listed by: Angelina Jones • Lokation Real Estate LLC
Mls Name: GAMLS
Mls ID: #10655932