587 Whooping Creek Rd, Carrollton, GA, 30116 | $145/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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587 Whooping Creek Rd, Carrollton, GA, 30116 | $145/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Carrollton at 587 Whooping Creek Rd, Carrollton, GA, 30116 offers a 8.03% rental yield on a $240,000 purchase with $1,606/mo rent. Total monthly income registers $1,606/mo, and a $1,175/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,740/yr on $79,560 to close, and return on cash invested stands at 22.1% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 114.42% and total cumulative return in cash at $91,034. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,606/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1952

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this adorable cottage-style bungalow sitting on a peaceful 1-acre lot in the beautiful Central School District of Carrollton! This charming 3-bedroom, 1-bath home is filled with cozy character and thoughtful updates, making it the perfect option for first-time buyers, downsizers, or anyone seeking quiet country living. Step inside to a warm, inviting layout featuring brand-new carpet in the living room and two of the bedrooms, along with a convenient separate laundry room. The home offers a bright and welcoming atmosphere throughout, making everyday living comfortable and easy. Out back, you'll find a large porch perfect for relaxing, entertaining, or enjoying your morning coffee. The spacious yard gives you room to roam, garden, or play, and the property includes two storage buildings, giving you plenty of space for tools, hobbies, or extra storage. With its charming front porch, cute curb appeal, and move-in-ready updates, this cottage bungalow offers the perfect blend of comfort and country charm. Don't miss your chance to make this sweet property your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 30116, Carrollton, GA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,700 (100%)
Owner Occupied HU	6,966 (71.8%)
Renter Occupied HU	2,171 (22.4%)
Vacant Housing Units	563 ( 5.8%)
Median Home Value	$320,024
Average Home Value	$378,749