385 Lakeside Park DrEllijayGA30540
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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 Ellijay at 385 Lakeside Park Dr, Ellijay, GA, 30540 uses $61,991 cash to close to unlock $4,166/yr annual cash flow and $347/mo monthly cash flow. Total monthly income runs $1,485/mo, and a $915/mo payment keeps the spread at $347/mo. Purchase price stands at $187,000, and rental yield measures 9.53% with $1,485/mo rent. Return on cash invested shows 26.63% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash records $86,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,485/mo property income covering a $915/mo payment rather than investor’s personal income.
Manufactured
Built in 1991
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30540, Ellijay, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,365 (100%) |
| Owner Occupied HU | 6,883 (60.6%) |
| Renter Occupied HU | 1,606 (14.1%) |
| Vacant Housing Units | 2,876 (25.3%) |
| Median Home Value | $336,590 |
| Average Home Value | $386,093 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
9,505
Multi-Family
77
Businesses
937
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