8 Elk View TrlClevelandGA30528
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
Investment Highlights
Rental property for sale in Cleveland at 8 Elk View Trl, Cleveland, GA, 30528 priced at $259,000 converts $2,880/mo rent into $1,259/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,880/mo, and annual cash flow totals $15,105/yr on $85,859 invested. Return on cash invested prints 37.5% in year one, and rental yield reads 13.34% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 197.28% and total cumulative return in cash sums $169,384. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Manufactured
Built in 2010
1 Acres lot
$N/A/sqft
$535 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30528, Cleveland, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,778 (100%) |
| Owner Occupied HU | 7,249 (67.3%) |
| Renter Occupied HU | 2,150 (19.9%) |
| Vacant Housing Units | 1,379 (12.8%) |
| Median Home Value | $316,813 |
| Average Home Value | $354,759 |
Housing Distribution
Address Breakdown
Residential
9,869
Single Family
9,726
Multi-Family
143
Businesses
935
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Nearby investment properties with comparable prices
Listed by: Tammy Southwell • BHGRE Metro Brokers
Mls Name: GAMLS
Mls Provider:
Mls ID: #10360550
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.