408 Chestnut StLa FayetteGA30728
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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 La Fayette at 408 Chestnut St, La Fayette, GA, 30728 uses $51,383 cash to close to unlock $3,375/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,225/mo, and a $759/mo payment keeps the spread at $281/mo. Purchase price stands at $155,000, and rental yield measures 9.48% with $1,225/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 138.01% and total cumulative return in cash records $70,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,225/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30728, La Fayette, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,319 (100%) |
| Owner Occupied HU | 5,348 (64.3%) |
| Renter Occupied HU | 2,074 (24.9%) |
| Vacant Housing Units | 897 (10.8%) |
| Median Home Value | $195,833 |
| Average Home Value | $218,043 |
Housing Distribution
Address Breakdown
Residential
7,906
Single Family
7,801
Multi-Family
105
Businesses
577
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Listed by: Corey Ballew • REAL Broker
Mls Name: Greater Chattanooga Realtors
Mls ID: #1523071