1028 L Sears Rd #LNorman ParkGA31771
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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 Norman Park at 1028 L Sears Rd #L, Norman Park, GA, 31771 priced at $230,000 converts $2,410/mo rent into $1,010/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,410/mo, and annual cash flow totals $12,119/yr on $76,245 invested. Return on cash invested prints 35.8% in year one, and rental yield reads 12.57% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 187.95% and total cumulative return in cash sums $143,299. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in N/A
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31771, Norman Park, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,449 (100%) |
| Owner Occupied HU | 1,541 (62.9%) |
| Renter Occupied HU | 654 (26.7%) |
| Vacant Housing Units | 254 (10.4%) |
| Median Home Value | $96,566 |
| Average Home Value | $169,280 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
61
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Listed by: Brittany Reynolds • Keller Williams Realty Georgia Communities
Mls Name: Douglas Coffee County BOR
Mls ID: #112450
Disclaimer: Copyright Douglas Coffee County Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.