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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Elko at 406 3rd St, Elko, GA, 31025 generates $989/mo in rent and, after a $612/mo payment, leaves $228/mo in cash flow. Total monthly income is $989/mo, and annual cash flow is $2,736/yr on $41,438 invested. Return on cash invested sits at 26.51% in year one, and rental yield is 9.49% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 138.26% and total cumulative return in cash sums $57,293. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $989/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31025, Elko, GA area.
| 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 |
Residential
635
Single Family
635
Multi-Family
0
Businesses
22
Date | Event | Price |
|---|---|---|
| 2025-07-30 | Listed for sale | $125,000 |
| 2025-06-03 | Listing removed | $119,500 |
| 2025-01-28 | Listed for sale | $119,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-31 | $620.51 | 10.37% | $29,000 | 23.51% |
| 2023-07-31 | $562.21 | 11.04% | $23,480 | 12.67% |
| 2022-07-31 | $506.31 | 16.82% | $20,840 | 16.82% |
Listed by: Julie Evans • COLDWELL BANKER FREE REALTY
Mls Name: CGMLS
Mls ID: #255015
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.
