3476 Locust Cove Rd SWGainesvilleGA30504
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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
Total monthly income runs $3,519/mo, and a $3,377/mo payment. Purchase price stands at $689,900, and rental yield measures 6.12% with $3,519/mo rent. Return on cash invested shows 16.46% in year one, and 5% annual appreciation builds toward $190,607 over five years. Five-year ROI reaches 84.2% and total cumulative return in cash records $191,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,519/mo property income covering a $3,377/mo payment rather than investor’s personal income.
Single Family
Built in 2012
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30504, Gainesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,118 (100%) |
| Owner Occupied HU | 6,105 (54.9%) |
| Renter Occupied HU | 4,193 (37.7%) |
| Vacant Housing Units | 820 ( 7.4%) |
| Median Home Value | $390,691 |
| Average Home Value | $462,413 |
Housing Distribution
Address Breakdown
Residential
10,304
Single Family
7,054
Multi-Family
3,250
Businesses
735
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Listed by: Terri Olson • Virtual Properties Realty.com
Mls Name: FMLS GA
Mls ID: #7666310