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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Gainesville at 61 Myrtle St SE, Gainesville, GA, 30501 generates $1,572/mo in rent and, after a $979/mo payment, leaves $355/mo in cash flow. Total monthly income is $1,572/mo, and annual cash flow is $4,256/yr on $66,297 invested. Return on cash invested sits at 26.33% in year one, and rental yield is 9.43% on a $199,990 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,254 over five years. Five-year ROI reaches 137.15% and total cumulative return in cash sums $90,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,572/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30501, Gainesville, GA area.
| 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 |
Residential
11,603
Single Family
9,834
Multi-Family
1,769
Businesses
2,278
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Konstantin Rykman • Dove Realty Group
Mls Name: FMLS GA
Mls ID: #7680959
