1241 Larkwood DrJonesboroGA30238
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
Rental property for sale in Jonesboro at 1241 Larkwood Dr, Jonesboro, GA, 30238 priced at $229,900 converts $1,800/mo rent into $340/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $4,081/yr on $76,212 invested. Return on cash invested prints 25.26% in year one, and rental yield reads 9.4% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 131.84% and total cumulative return in cash sums $100,475. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1991
8,764 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30238, Jonesboro, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,520 (100%) |
| Owner Occupied HU | 9,080 (58.5%) |
| Renter Occupied HU | 5,640 (36.3%) |
| Vacant Housing Units | 800 ( 5.2%) |
| Median Home Value | $257,076 |
| Average Home Value | $281,861 |
Housing Distribution
Address Breakdown
Residential
15,009
Single Family
13,810
Multi-Family
1,199
Businesses
184
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Listed by: Jerry Jenkins • First United Realty of Atlanta, LLC.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7533306
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