38 Phillips DrFort OglethorpeGA30742
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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
Rental property for sale in Fort Oglethorpe at 38 Phillips Dr, Fort Oglethorpe, GA, 30742 generates $2,060/mo in rent and, after a $1,306/mo payment, leaves $436/mo in cash flow. Total monthly income is $2,060/mo, and annual cash flow is $5,231/yr on $88,477 invested. Return on cash invested sits at 25.82% in year one, and rental yield is 9.26% on a $266,900 entry. Equity gained on principal adds $1,722/yr, while 5% annual appreciation builds toward $73,740 over five years. Five-year ROI reaches 134.41% and total cumulative return in cash sums $118,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,060/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30742, Fort Oglethorpe, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,707 (100%) |
| Owner Occupied HU | 1,750 (47.2%) |
| Renter Occupied HU | 1,658 (44.7%) |
| Vacant Housing Units | 299 ( 8.1%) |
| Median Home Value | $205,072 |
| Average Home Value | $243,056 |
Housing Distribution
Address Breakdown
Residential
3,402
Single Family
3,012
Multi-Family
390
Businesses
619
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Listed by: George Armstrong • RE/MAX Renaissance Realtors
Mls Name: Greater Chattanooga Realtors
Mls ID: #1526197