6970 Creek Ridge DrGainesvilleGA30506
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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 6970 Creek Ridge Dr, Gainesville, GA, 30506 priced at $487,500 converts $4,282/mo rent into $1,205/mo cash flow after a $2,386/mo obligation. Total monthly income equals $4,282/mo, and annual cash flow totals $14,457/yr on $161,606 invested. Return on cash invested prints 28.86% in year one, and rental yield reads 10.54% against a $487,500 entry. Equity gained on principal adds $3,146/yr, while 5% annual appreciation compiles into $134,687 by year five. Five-year ROI reaches 150.98% and total cumulative return in cash sums $243,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,282/mo property income covering a $2,386/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.73 Acres lot
$N/A/sqft
$14 monthly 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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