638 Ruby Lake DrHiawasseeGA30546
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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 Hiawassee at 638 Ruby Lake Dr, Hiawassee, GA, 30546 priced at $195,000 pairs $1,756/mo rent with $570/mo cash flow after a $954/mo payment. Total monthly income equals $1,756/mo, and annual cash flow comes to $6,835/yr on $64,643 invested. Return on cash invested is 30.48% in year one, and rental yield stands at 10.81% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 159.42% and total cumulative return in cash reaches $103,054. For financing, Ziffy Mortgage’s DSCR program evaluates $1,756/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2021
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30546, Hiawassee, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,403 (100%) |
| Owner Occupied HU | 3,110 (48.6%) |
| Renter Occupied HU | 728 (11.4%) |
| Vacant Housing Units | 2,565 (40.1%) |
| Median Home Value | $412,834 |
| Average Home Value | $468,194 |
Housing Distribution
Address Breakdown
Residential
4,802
Single Family
4,674
Multi-Family
128
Businesses
479
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Listed by: The Richard Kelley Group • REMAX Town & Country - The Richard Kelley Group
Mls Name: NGBOR
Mls ID: #416746
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.