996 Island CrkSpartaGA31087
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow996 Island Crk, Sparta, GA, 31087 in Sparta earns its strong cash-flow label: 34.56% yield, $5,040/mo rent, $3,975/mo net income, DSCR 6.40. The $175,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $48,349 by year five. Combined with $1,612/yr in principal paydown, total projected return reaches $322,089.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 34.6% | 6.0% |
| Monthly Cash Flow | $3,975 | $300 |
City averages based on Sparta market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,040 |
| Total Monthly Debt Service | $995 |
| DSCR Ratio | 5.06x |
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.
Manufactured
Built in 2024
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31087, Sparta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,901 (100%) |
| Owner Occupied HU | 2,551 (52.1%) |
| Renter Occupied HU | 719 (14.7%) |
| Vacant Housing Units | 1,631 (33.3%) |
| Median Home Value | $139,082 |
| Average Home Value | $239,371 |
Housing Distribution
Address Breakdown
Residential
4,133
Single Family
4,084
Multi-Family
49
Businesses
209
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
Manufactured
Built in 2024
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31087, Sparta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,901 (100%) |
| Owner Occupied HU | 2,551 (52.1%) |
| Renter Occupied HU | 719 (14.7%) |
| Vacant Housing Units | 1,631 (33.3%) |
| Median Home Value | $139,082 |
| Average Home Value | $239,371 |
Housing Distribution
Address Breakdown
Residential
4,133
Single Family
4,084
Multi-Family
49
Businesses
209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices