1583 Iris WalkJonesboroGA30238
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 1583 Iris Walk, Jonesboro, GA, 30238 priced at $228,000 converts $1,974/mo rent into $425/mo cash flow after a $1,116/mo obligation. Total monthly income equals $1,974/mo, and annual cash flow totals $5,100/yr on $75,582 invested. Return on cash invested prints 26.66% in year one, and rental yield reads 10.39% against a $228,000 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation compiles into $62,992 by year five. Five-year ROI reaches 139.81% and total cumulative return in cash sums $105,675. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,974/mo property income covering a $1,116/mo payment, not borrower’s personal income.
Townhouse
Built in 2018
2,099 sqft lot
$N/A/sqft
$600 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fang Yang • McKinley Properties, LLC.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7483195
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. 2024 First Multiple Listing Service, Inc. [Click here for more information](/info/mls-disclaimers/#mls_30)