5987 Wellington AveGainesvilleGA30506
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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
Rental property for sale in Gainesville at 5987 Wellington Ave, Gainesville, GA, 30506 generates $3,474/mo in rent, after a $2,985/mo payment. Total monthly income is $3,474/mo. Return on cash invested sits at 18.64% in year one, and rental yield is 6.84% on a $609,900 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation builds toward $168,504 over five years. Five-year ROI reaches 95.87% and total cumulative return in cash sums $192,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,474/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30506, Gainesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,265 (100%) |
| Owner Occupied HU | 14,345 (74.5%) |
| Renter Occupied HU | 3,291 (17.1%) |
| Vacant Housing Units | 1,629 ( 8.5%) |
| Median Home Value | $481,820 |
| Average Home Value | $552,901 |
Housing Distribution
Address Breakdown
Residential
18,936
Single Family
18,431
Multi-Family
505
Businesses
253
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Listed by: Katie Lepeltier • Resource Brokers, LLC
Mls Name: GAMLS
Mls ID: #10657302