394 Lake Forest 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
Rental property for sale in Ellijay at 394 Lake Forest Dr, Ellijay, GA, 30540 priced at $322,000 converts $4,363/mo rent into $2,403/mo cash flow after a $1,576/mo obligation. Total monthly income equals $4,363/mo, and annual cash flow totals $28,839/yr on $106,743 invested. Return on cash invested prints 46.93% in year one, and rental yield reads 16.26% against a $322,000 entry. Equity gained on principal adds $2,078/yr, while 5% annual appreciation compiles into $88,963 by year five. Five-year ROI reaches 247.62% and total cumulative return in cash sums $264,319. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,363/mo property income covering a $1,576/mo payment, not borrower’s personal income.
Single Family
Built in 2005
7.65 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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