307 Alston Ridge CtCorneliaGA30531
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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 Cornelia at 307 Alston Ridge Ct, Cornelia, GA, 30531 with 5% annual appreciation on a $226,610 basis while $2,174/mo rent supports operations. Total monthly income totals $2,174/mo and a $1,109/mo payment preserves $570/mo for cash returns. Annual cash flow comes to $6,839/yr on $75,121 deployed, and return on cash invested reaches 29.01% in year one. Equity gained on principal adds $1,462/yr, and five-year appreciation sums $62,608 alongside rental yield of 11.51%. Five-year ROI measures 152.82% and total cumulative return in cash totals $114,802.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,174/mo property income versus a $1,109/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1989
2,178 sqft lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30531, Cornelia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,866 (100%) |
| Owner Occupied HU | 2,884 (59.3%) |
| Renter Occupied HU | 1,495 (30.7%) |
| Vacant Housing Units | 487 (10.0%) |
| Median Home Value | $245,546 |
| Average Home Value | $290,388 |
Housing Distribution
Address Breakdown
Residential
4,760
Single Family
4,585
Multi-Family
175
Businesses
616
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