7 31st StEllijayGA30540
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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 Ellijay at 7 31st St, Ellijay, GA, 30540 priced at $147,500 converts $1,180/mo rent into $192/mo cash flow after a $722/mo obligation. Total monthly income equals $1,180/mo, and annual cash flow totals $2,307/yr on $48,896 invested. Return on cash invested prints 24.63% in year one, and rental yield reads 9.6% against a $147,500 entry. Equity gained on principal adds $952/yr, while 5% annual appreciation compiles into $40,752 by year five. Five-year ROI reaches 128.87% and total cumulative return in cash sums $63,013. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,180/mo property income covering a $722/mo payment, not borrower’s personal income.
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
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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.