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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Jonesboro at 1574 Iris Walk, Jonesboro, GA, 30238 generates $2,062/mo in rent and, after a $1,101/mo payment, leaves $529/mo in cash flow. Total monthly income is $2,062/mo, and annual cash flow is $6,353/yr on $74,588 invested. Return on cash invested sits at 28.43% in year one, and rental yield is 11% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 149.36% and total cumulative return in cash sums $111,405. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,062/mo property income rather than buyer’s personal income.
Townhouse
Built in 2017
2,090 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood data shown for ZIP Code: 30238, Jonesboro, GA area.
| 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 |
Residential
15,009
Single Family
13,810
Multi-Family
1,199
Businesses
184
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Pending sale | $225,000 |
| 2024-09-11 | Price change | $225,000 |
| 2024-08-04 | Listed for sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $3228.33 | 15.71% | $88,360 | 26.01% |
| 2022-10-18 | $2789.93 | 15.27% | $70,120 | 16.25% |
| 2021-10-18 | $2420.40 | 3.26% | $60,320 | 4.62% |
Listed by: Mingwei Li • Virtual Properties Realty.com
Mls Name: GAMLS
Mls Provider:
Mls ID: #10354215
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
