2103 Fairington Village DrLithoniaGA30038
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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 2103 Fairington Village Dr, Lithonia, GA, 30038 offers $1,632/mo rent that, after a $538/mo payment, leaves $537/mo cash flow. Total monthly income is $1,632/mo, and annual cash flow is $6,447/yr on $36,432 cash. Return on cash invested measures 37.61% in year one, and rental yield stands at 17.82% at a $109,900 entry. Equity gained on principal adds $709/yr while 5% annual appreciation compounds into $30,363 by year five. Five-year ROI records 202.78% and total cumulative return in cash reaches $73,876. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,632/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2004
1,306 sqft lot
$N/A/sqft
$300 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: James Harris • Chapman Hall Professionals
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7501559
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