








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Smyrna at 1623 Ivy Spring Dr SE, Smyrna, GA, 30080 offers a 9% rental yield on a $399,000 purchase with $2,993/mo rent. Total monthly income registers $2,993/mo, and a $1,953/mo payment leaves $331/mo available for distribution. Annual cash flow reaches $3,966/yr on $132,269 to close, and return on cash invested stands at 22.91% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 119.57% and total cumulative return in cash at $158,150. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,993/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2000
2,613 sqft lot
$N/A/sqft
$2,808 annually HOA
Neighborhood data shown for ZIP Code: 30080, Smyrna, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,418 (100%) |
| Owner Occupied HU | 12,282 (44.8%) |
| Renter Occupied HU | 13,356 (48.7%) |
| Vacant Housing Units | 1,780 ( 6.5%) |
| Median Home Value | $480,078 |
| Average Home Value | $526,366 |
Residential
26,718
Single Family
19,166
Multi-Family
7,552
Businesses
1,511
Date | Event | Price |
|---|---|---|
| 2024-09-25 | Price change | $399,000 |
| 2024-09-06 | Listed for sale | $425,000 |
| 2019-05-02 | Sold | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2825.66 | -15.42% | $142,096 | N/A |
| 2022-10-16 | $3340.95 | 21.71% | $142,096 | 29.41% |
| 2021-10-16 | $2744.91 | -9.06% | $109,804 | N/A |



Listed by: Christy Hiatt • Keller Williams Rlty-Atl.North
Mls Name: GAMLS
Mls Provider:
Mls ID: #10372524
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.