450 Beachwood Dr LOT 43CorneliaGA30531
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.32% gross rental yield, 450 Beachwood Dr LOT 43, Cornelia, GA, 30531 in Cornelia is priced for capital growth, not immediate cash flow. The $659,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $182,070 by year five, with $6,069/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.80) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $144,038.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 8.0% |
| Monthly Cash Flow | $(1,641) | $300 |
City averages based on Cornelia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,370 |
| Total Monthly Debt Service | $3,749 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30531, Cornelia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,866 (100%) |
| Owner Occupied HU | 2,884 (59.3%) |
| Renter Occupied HU | 1,495 (30.7%) |
| Vacant Housing Units | 487 (10.0%) |
| Median Home Value | $245,546 |
| Average Home Value | $290,388 |
Housing Distribution
Address Breakdown
Residential
4,760
Single Family
4,585
Multi-Family
175
Businesses
616
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30531, Cornelia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,866 (100%) |
| Owner Occupied HU | 2,884 (59.3%) |
| Renter Occupied HU | 1,495 (30.7%) |
| Vacant Housing Units | 487 (10.0%) |
| Median Home Value | $245,546 |
| Average Home Value | $290,388 |
Housing Distribution
Address Breakdown
Residential
4,760
Single Family
4,585
Multi-Family
175
Businesses
616
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices