490 Lakeshore Cove Dr #10Fort OglethorpeGA30742
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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 Fort Oglethorpe at 490 Lakeshore Cove Dr #10, Fort Oglethorpe, GA, 30742 listed at $761,000 pairs $4,790/mo rent with a $3,725/mo payment to leave $128/mo cash flow. Total monthly income runs $4,790/mo, and annual cash flow reaches $1,533/yr on $250,369 cash to close. Return on cash invested measures 20.67% in year one, and rental yield registers 7.55% at a $761,000 basis. Equity gained on principal adds $4,911/yr, and annual property appreciation at 5% supports $210,250 by year five. Five-year ROI tracks 106.82% and total cumulative return in cash totals $267,447. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,790/mo property income relative to a $3,725/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.32 Acres lot
$N/A/sqft
$365 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30742, Fort Oglethorpe, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,707 (100%) |
| Owner Occupied HU | 1,750 (47.2%) |
| Renter Occupied HU | 1,658 (44.7%) |
| Vacant Housing Units | 299 ( 8.1%) |
| Median Home Value | $205,072 |
| Average Home Value | $243,056 |
Housing Distribution
Address Breakdown
Residential
3,402
Single Family
3,012
Multi-Family
390
Businesses
619
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Listed by: Derek English • The Agency Chattanooga
Mls Name: Greater Chattanooga Realtors
Mls ID: #1510516
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