600 Hoyt StCorneliaGA30531
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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 Cornelia at 600 Hoyt St, Cornelia, GA, 30531 priced at $214,900 converts $1,810/mo rent into $502/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,810/mo, and annual cash flow totals $6,023/yr on $71,239 invested. Return on cash invested prints 28.36% in year one, and rental yield reads 10.11% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 148.04% and total cumulative return in cash sums $105,462. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,810/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30531, Cornelia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,866 (100%) |
| Owner Occupied HU | 2,884 (59.3%) |
| Renter Occupied HU | 1,495 (30.7%) |
| Vacant Housing Units | 487 (10.0%) |
| Median Home Value | $245,546 |
| Average Home Value | $290,388 |
Housing Distribution
Address Breakdown
Residential
4,760
Single Family
4,585
Multi-Family
175
Businesses
616
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