1040 Forest East DrStone MountainGA30088
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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
Investment property for sale in Stone Mountain at 1040 Forest East Dr, Stone Mountain, GA, 30088 uses $75,880 cash to close to unlock $6,735/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $1,954/mo, and a $1,120/mo payment keeps the spread at $561/mo. Purchase price stands at $228,900, and rental yield measures 10.24% with $1,954/mo rent. Return on cash invested shows 28.78% in year one, and 5% annual appreciation builds toward $63,241 over five years. Five-year ROI reaches 150.33% and total cumulative return in cash records $114,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,954/mo property income covering a $1,120/mo payment rather than investor’s personal income.
Single Family
Built in 1982
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30088, Stone Mountain, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,517 (100%) |
| Owner Occupied HU | 5,988 (56.9%) |
| Renter Occupied HU | 3,958 (37.6%) |
| Vacant Housing Units | 571 ( 5.4%) |
| Median Home Value | $262,240 |
| Average Home Value | $303,802 |
Housing Distribution
Address Breakdown
Residential
10,416
Single Family
8,432
Multi-Family
1,984
Businesses
183
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Listed by: Quinn Shealey • Homesouth Residential Incorporated
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7581580
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