23 Forrestway DrLa FayetteGA30728
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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 La Fayette at 23 Forrestway Dr, La Fayette, GA, 30728 offers $2,363/mo rent that, after a $1,444/mo payment, leaves $567/mo cash flow. Total monthly income is $2,363/mo, and annual cash flow is $6,810/yr on $97,793 cash. Return on cash invested measures 26.87% in year one, and rental yield stands at 9.61% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 140.07% and total cumulative return in cash reaches $136,982. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,363/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30728, La Fayette, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,319 (100%) |
| Owner Occupied HU | 5,348 (64.3%) |
| Renter Occupied HU | 2,074 (24.9%) |
| Vacant Housing Units | 897 (10.8%) |
| Median Home Value | $195,833 |
| Average Home Value | $218,043 |
Housing Distribution
Address Breakdown
Residential
7,906
Single Family
7,801
Multi-Family
105
Businesses
577
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Listed by: Joanna Jackson • RE/MAX Real Estate Center
Mls Name: Greater Chattanooga Realtors
Mls ID: #1522793