3398 Banks Mountain DrGainesvilleGA30506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Gainesville at 3398 Banks Mountain Dr, Gainesville, GA, 30506 offers $5,005/mo rent that, after a $3,377/mo payment, leaves $785/mo cash flow. Total monthly income is $5,005/mo, and annual cash flow is $9,419/yr on $227,010 cash. Return on cash invested measures 24.21% in year one, and rental yield stands at 8.7% at a $689,999 entry. Equity gained on principal adds $4,452/yr while 5% annual appreciation compounds into $190,634 by year five. Five-year ROI records 125.76% and total cumulative return in cash reaches $285,488. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,005/mo property income versus a $3,377/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.61 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30506, Gainesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,265 (100%) |
| Owner Occupied HU | 14,345 (74.5%) |
| Renter Occupied HU | 3,291 (17.1%) |
| Vacant Housing Units | 1,629 ( 8.5%) |
| Median Home Value | $481,820 |
| Average Home Value | $552,901 |
Housing Distribution
Address Breakdown
Residential
18,936
Single Family
18,431
Multi-Family
505
Businesses
253
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Nearby investment properties with comparable prices
Listed by: Jonathan Minerick • Homecoin.com
Mls Name: GAMLS
Mls Provider:
Mls ID: #20149833
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.