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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% |
Investment property for sale in Norcross at 2224 Ranch Trl, Norcross, GA, 30071 offers a 12.59% rental yield on a $359,000 purchase with $3,766/mo rent. Total monthly income registers $3,766/mo, and a $1,757/mo payment leaves $1,430/mo available for distribution. Annual cash flow reaches $17,161/yr on $119,009 to close, and return on cash invested stands at 34.33% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 180.62% and total cumulative return in cash at $214,951. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,766/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30071, Norcross, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,846 (100%) |
| Owner Occupied HU | 4,559 (46.3%) |
| Renter Occupied HU | 4,802 (48.8%) |
| Vacant Housing Units | 485 ( 4.9%) |
| Median Home Value | $437,040 |
| Average Home Value | $501,042 |
Residential
8,841
Single Family
7,992
Multi-Family
849
Businesses
2,368
Date | Event | Price |
|---|---|---|
| 2024-09-15 | Listed for sale | $359,000 |
| 2024-09-11 | Pending sale | $359,000 |
| 2024-09-04 | Listed for sale | $359,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-16 | $4792.15 | 8.81% | $128,360 | 12.16% |
| 2022-09-16 | $4404.08 | 46.85% | $114,440 | 39.36% |
| 2021-09-16 | $2998.98 | 3.10% | $82,120 | 6.48% |
Listed by: Blake Keathley • EveryState
Mls Name: GAMLS
Mls Provider:
Mls ID: #10370690
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.
