1429 Smithson DrLithoniaGA30058
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 Lithonia at 1429 Smithson Dr, Lithonia, GA, 30058 priced at $375,000 converts $2,563/mo rent into $281/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,563/mo, and annual cash flow totals $3,373/yr on $124,313 invested. Return on cash invested prints 22.62% in year one, and rental yield reads 8.2% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 117.3% and total cumulative return in cash sums $145,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,563/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30058, Lithonia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,209 (100%) |
| Owner Occupied HU | 13,725 (56.7%) |
| Renter Occupied HU | 9,216 (38.1%) |
| Vacant Housing Units | 1,268 ( 5.2%) |
| Median Home Value | $278,543 |
| Average Home Value | $331,519 |
Housing Distribution
Address Breakdown
Residential
22,606
Single Family
19,921
Multi-Family
2,685
Businesses
1,390
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Azariah Baker • Century 21 Results
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7574606
Disclaimer: Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please [click here](https://www.fmls.com/dmca) to review our DMCA policy and learn how to submit a takedown request. 2025 First Multiple Listing Service, Inc. [Click here for more information](/mls-disclaimers/#30)