520 Washington St NW #494GainesvilleGA30501
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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 Gainesville at 520 Washington St NW #494, Gainesville, GA, 30501 earns from $1,860/mo rent with a $1,874/mo payment. Total monthly income totals $1,860/mo. ROI tracks 13.57% on current figures, and rental yield reads 5.83% at a $382,900 purchase. Equity gained on principal adds $2,471/yr, and 5% annual appreciation supports $105,788 over five years. Five-year ROI reaches 69.4% and total cumulative return in cash sums $88,091. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,860/mo property income instead of your personal income.
Townhouse
Built in 2024
4,356 sqft lot
$N/A/sqft
$2,400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30501, Gainesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,257 (100%) |
| Owner Occupied HU | 4,896 (36.9%) |
| Renter Occupied HU | 6,872 (51.8%) |
| Vacant Housing Units | 1,489 (11.2%) |
| Median Home Value | $366,564 |
| Average Home Value | $448,698 |
Housing Distribution
Address Breakdown
Residential
11,603
Single Family
9,834
Multi-Family
1,769
Businesses
2,278
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Listed by: Cindy Bermudez-Presgraves • Virtual Properties Realty.com
Mls Name: GAMLS
Mls Provider:
Mls ID: #10388865
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.