3231 Heatherwood DrGainesvilleGA30507
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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 Gainesville at 3231 Heatherwood Dr, Gainesville, GA, 30507 offers a 8.8% rental yield on a $365,000 purchase with $2,678/mo rent. Total monthly income registers $2,678/mo, and a $1,786/mo payment leaves $457/mo available for distribution. Annual cash flow reaches $5,484/yr on $120,998 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 127.05% and total cumulative return in cash at $153,727. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,678/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30507, Gainesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,454 (100%) |
| Owner Occupied HU | 6,781 (71.7%) |
| Renter Occupied HU | 2,251 (23.8%) |
| Vacant Housing Units | 422 ( 4.5%) |
| Median Home Value | $312,529 |
| Average Home Value | $385,414 |
Housing Distribution
Address Breakdown
Residential
9,578
Single Family
9,242
Multi-Family
336
Businesses
379
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Listed by: MARK SPAIN • Mark Spain Real Estate
Mls Name: FMLS GA
Mls ID: #7653570