1304 Fairington Village Dr #1304LithoniaGA30038
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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
Rental property for sale in Lithonia at 1304 Fairington Village Dr #1304, Lithonia, GA, 30038 generates $2,048/mo in rent and, after a $636/mo payment, leaves $942/mo in cash flow. Total monthly income is $2,048/mo, and annual cash flow is $11,305/yr on $43,095 invested. Return on cash invested sits at 46.14% in year one, and rental yield is 18.9% on a $129,999 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,916 over five years. Five-year ROI reaches 246.69% and total cumulative return in cash sums $106,310. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,048/mo property income rather than buyer’s personal income.
Condo
Built in 2004
1,311 sqft lot
$N/A/sqft
$315 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30038, Lithonia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,010 (100%) |
| Owner Occupied HU | 10,302 (57.2%) |
| Renter Occupied HU | 6,779 (37.6%) |
| Vacant Housing Units | 929 ( 5.2%) |
| Median Home Value | $323,933 |
| Average Home Value | $354,864 |
Housing Distribution
Address Breakdown
Residential
17,475
Single Family
14,223
Multi-Family
3,252
Businesses
554
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Listed by: Mark Spain • Mark Spain Real Estate
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7453851
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