6083 Morning Star Ln #28AGainesvilleGA30506
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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 6083 Morning Star Ln #28A, Gainesville, GA, 30506 listed at $532,386 pairs $8,906/mo rent with a $2,606/mo payment to leave $5,622/mo cash flow. Total monthly income runs $8,906/mo, and annual cash flow reaches $67,462/yr on $175,155 cash to close. Return on cash invested measures 58.58% in year one, and rental yield registers 20.07% at a $532,386 basis. Equity gained on principal adds $3,435/yr, and annual property appreciation at 5% supports $147,088 by year five. Five-year ROI tracks 310.13% and total cumulative return in cash totals $543,204. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,906/mo property income relative to a $2,606/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
9,147 sqft lot
$N/A/sqft
$525 annually 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: Adam Kirkpatrick • Chafin Realty, Inc.
Mls Name: GAMLS
Mls Provider:
Mls ID: #10331936
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.