








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Eatonton at 119 Lullwater Ln, Eatonton, GA, 31024 with 5% annual appreciation on a $680,000 basis while $4,147/mo rent supports operations. Total monthly income totals $4,147/mo and a $3,328/mo payment preserves $9/mo for cash returns. Annual cash flow comes to $104/yr on $223,720 deployed, and return on cash invested reaches 20.11% in year one. Equity gained on principal adds $4,388/yr, and five-year appreciation sums $187,871 alongside rental yield of 7.32%. Five-year ROI measures 103.73% and total cumulative return in cash totals $232,068.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,147/mo property income versus a $3,328/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31024, Eatonton, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,158 (100%) |
| Owner Occupied HU | 7,108 (54.0%) |
| Renter Occupied HU | 2,298 (17.5%) |
| Vacant Housing Units | 3,752 (28.5%) |
| Median Home Value | $297,495 |
| Average Home Value | $420,523 |
Residential
10,987
Single Family
10,774
Multi-Family
213
Businesses
828
Date | Event | Price |
|---|---|---|
| 2025-09-04 | Sold | $680,000 |
| 2025-08-10 | Pending sale | $725,000 |
| 2025-08-10 | Contingent | $725,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-10 | $2912.56 | -6.65% | $247,074 | 11.77% |
| 2022-10-10 | $3120.06 | -9.31% | $221,063 | 22.01% |
| 2021-10-10 | $3440.38 | -6.16% | $181,182 | 1.95% |



Listed by: Boatright Realty Group • Coldwell Banker Lake Oconee
Mls Name: LCBOR
Mls Provider:
Mls ID: #66982
Disclaimer: Copyright Lake Country Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.