407 Knight 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 407 Knight Dr, Ellijay, GA, 30540 priced at $339,444 converts $2,204/mo rent into $139/mo cash flow after a $1,661/mo obligation. Total monthly income equals $2,204/mo, and annual cash flow totals $1,662/yr on $112,526 invested. Return on cash invested prints 21.39% in year one, and rental yield reads 7.79% against a $339,444 entry. Equity gained on principal adds $2,190/yr, while 5% annual appreciation compiles into $93,782 by year five. Five-year ROI reaches 110.64% and total cumulative return in cash sums $124,500. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,204/mo property income covering a $1,661/mo payment, not borrower’s personal income.
Manufactured
Built in 2021
1.64 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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Listed by: Susan McVey • REMAX Town & Country - Ellijay
Mls Name: NGBOR
Mls ID: #418540
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.