7 31st StEllijayGA30540
INVESTMENT ANALYSIS
Investment Verdict
Solid Income7 31st St, Ellijay, GA, 30540 in Ellijay earns a respectable 9.6% gross yield at $147,500, but after the $663/mo mortgage the net cash flow is $192/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.78) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $40,752 over five years, making equity the dominant return driver. Total projected return: $68,679.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 8.0% |
| Monthly Cash Flow | $192 | $1,500 |
City averages based on Ellijay market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,180 |
| Total Monthly Debt Service | $929 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2012
3,484 sqft lot
$N/A/sqft
$1,080 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30540, Ellijay, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,365 (100%) |
| Owner Occupied HU | 6,883 (60.6%) |
| Renter Occupied HU | 1,606 (14.1%) |
| Vacant Housing Units | 2,876 (25.3%) |
| Median Home Value | $336,590 |
| Average Home Value | $386,093 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
9,505
Multi-Family
77
Businesses
937
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2012
3,484 sqft lot
$N/A/sqft
$1,080 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30540, Ellijay, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,365 (100%) |
| Owner Occupied HU | 6,883 (60.6%) |
| Renter Occupied HU | 1,606 (14.1%) |
| Vacant Housing Units | 2,876 (25.3%) |
| Median Home Value | $336,590 |
| Average Home Value | $386,093 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
9,505
Multi-Family
77
Businesses
937
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: George Mangrum • eXp Realty, LLC
Mls Name: NGBOR
Mls ID: #418465
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.