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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Elko at 3277 S Highway 41, Elko, GA, 31025 offers a 12.03% rental yield on a $297,500 purchase with $2,982/mo rent. Total monthly income registers $2,982/mo, and a $1,456/mo payment leaves $1,171/mo available for distribution. Annual cash flow reaches $14,058/yr on $98,621 to close, and return on cash invested stands at 34.16% in year one. Equity gained on principal adds $1,920/yr while 5% annual appreciation supports $82,194 over five years. Portfolio math shows five-year ROI at 179.15% and total cumulative return in cash at $176,683. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,982/mo property income against a $1,456/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
7.82 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31025, Elko, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 763 (100%) |
| Owner Occupied HU | 639 (83.7%) |
| Renter Occupied HU | 80 (10.5%) |
| Vacant Housing Units | 44 ( 5.8%) |
| Median Home Value | $357,595 |
| Average Home Value | $389,988 |
Residential
635
Single Family
635
Multi-Family
0
Businesses
22
Date | Event | Price |
|---|---|---|
| 2024-09-03 | Price change | $297,500 |
| 2024-07-26 | Price change | $299,999 |
| 2024-07-13 | Listed for sale | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $1052.03 | -10.38% | $53,040 | 9.77% |
| 2022-09-14 | $1173.93 | 23.14% | $48,320 | 17.17% |
| 2021-09-14 | $953.34 | 10.21% | $41,240 | 10.15% |
Listed by: Zack Smith • SOUTHERN CLASSIC REALTORS
Mls Name: CGMLS
Mls ID: #243007
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.
