488 Lemmon LnEllijayGA30540
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
Investment Highlights
Investment property for sale in Ellijay at 488 Lemmon Ln, Ellijay, GA, 30540 at $360,000 posts ROI 21.62% with $170/mo cash flow from $2,451/mo rent. Total monthly income equals $2,451/mo, and annual cash flow records $2,040/yr on $119,340 to close. Return on cash invested measures 21.62% and rental yield reads 8.17% at the current $360,000. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 by year five. Five-year ROI prints 112.19% and total cumulative return in cash totals $133,893.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,451/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1989
1.16 Acres lot
$N/A/sqft
$1,080 annually 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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