316 Davis AveToccoaGA30577
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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 Toccoa at 316 Davis Ave, Toccoa, GA, 30577 uses $59,670 cash to close to unlock $5,862/yr annual cash flow and $489/mo monthly cash flow. Total monthly income runs $1,590/mo, and a $881/mo payment keeps the spread at $489/mo. Purchase price stands at $180,000, and rental yield measures 10.6% with $1,590/mo rent. Return on cash invested shows 29.73% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 155.48% and total cumulative return in cash records $92,777. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,590/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1969
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30577, Toccoa, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,178 (100%) |
| Owner Occupied HU | 6,226 (61.2%) |
| Renter Occupied HU | 2,857 (28.1%) |
| Vacant Housing Units | 1,095 (10.8%) |
| Median Home Value | $211,071 |
| Average Home Value | $268,780 |
Housing Distribution
Address Breakdown
Residential
9,706
Single Family
9,517
Multi-Family
189
Businesses
914
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Listed by: Melody Shumake • Keller Williams Greater Athens
Mls Name: Classic MLS
Mls Provider:
Mls ID: #1020893
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.