1048 Lee King RdForsythGA31029
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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 Forsyth at 1048 Lee King Rd, Forsyth, GA, 31029 uses $92,489 cash to close to unlock $3,042/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,952/mo, and a $1,366/mo payment keeps the spread at $254/mo. Purchase price stands at $279,000, and rental yield measures 8.4% with $1,952/mo rent. Return on cash invested shows 23.2% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 120.36% and total cumulative return in cash records $111,319. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,952/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 1999
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31029, Forsyth, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,331 (100%) |
| Owner Occupied HU | 5,257 (71.7%) |
| Renter Occupied HU | 1,601 (21.8%) |
| Vacant Housing Units | 473 ( 6.5%) |
| Median Home Value | $270,286 |
| Average Home Value | $308,842 |
Housing Distribution
Address Breakdown
Residential
7,057
Single Family
6,888
Multi-Family
169
Businesses
671
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