2271 Slate Mine Rd SEFairmountGA30139
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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
Investment property for sale in Fairmount at 2271 Slate Mine Rd SE, Fairmount, GA, 30139 uses $164,093 cash to close to unlock $2,497/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $3,221/mo, and a $2,423/mo payment keeps the spread at $208/mo. Purchase price stands at $495,000, and rental yield measures 7.81% with $3,221/mo rent. Return on cash invested shows 21.43% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 110.88% and total cumulative return in cash records $181,954. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,221/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1994
20.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30139, Fairmount, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,798 (100%) |
| Owner Occupied HU | 1,353 (75.3%) |
| Renter Occupied HU | 305 (17.0%) |
| Vacant Housing Units | 140 ( 7.8%) |
| Median Home Value | $306,410 |
| Average Home Value | $331,135 |
Housing Distribution
Address Breakdown
Residential
1,822
Single Family
1,822
Multi-Family
0
Businesses
88
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