117 Elkins BlvdLocust GroveGA30248
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
Investment property for sale in Locust Grove at 117 Elkins Blvd, Locust Grove, GA, 30248 with 5% annual appreciation on a $438,000 basis while $3,295/mo rent supports operations. Total monthly income totals $3,295/mo and a $2,144/mo payment preserves $629/mo for cash returns. Annual cash flow comes to $7,549/yr on $145,197 deployed, and return on cash invested reaches 25.11% in year one. Equity gained on principal adds $2,826/yr, and five-year appreciation sums $121,011 alongside rental yield of 9.03%. Five-year ROI measures 130.61% and total cumulative return in cash totals $189,642.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,295/mo property income versus a $2,144/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2019
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30248, Locust Grove, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,812 (100%) |
| Owner Occupied HU | 9,530 (80.7%) |
| Renter Occupied HU | 1,862 (15.8%) |
| Vacant Housing Units | 420 ( 3.6%) |
| Median Home Value | $363,565 |
| Average Home Value | $387,256 |
Housing Distribution
Address Breakdown
Residential
11,804
Single Family
11,804
Multi-Family
0
Businesses
822
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shaqunta Fulton • Signature Keys Realty Group
Mls Name: FMLS GA
Mls ID: #7695479