400 3rd StElkoGA31025
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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 Elko at 400 3rd St, Elko, GA, 31025 priced at $199,000 pairs $1,758/mo rent with $547/mo cash flow after a $974/mo payment. Total monthly income equals $1,758/mo, and annual cash flow comes to $6,562/yr on $65,969 invested. Return on cash invested is 29.86% in year one, and rental yield stands at 10.6% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 156.05% and total cumulative return in cash reaches $102,942. For financing, Ziffy Mortgage’s DSCR program evaluates $1,758/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1888
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31025, Elko, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 763 (100%) |
| Owner Occupied HU | 639 (83.7%) |
| Renter Occupied HU | 80 (10.5%) |
| Vacant Housing Units | 44 ( 5.8%) |
| Median Home Value | $357,595 |
| Average Home Value | $389,988 |
Housing Distribution
Address Breakdown
Residential
635
Single Family
635
Multi-Family
0
Businesses
22
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Listed by: Lisa Mora • KELLER WILLIAMS REALTY MIDDLE GEORGIA
Mls Name: CGMLS
Mls ID: #246509
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.