230 Varnes LnLakemontGA30552
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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 Lakemont at 230 Varnes Ln, Lakemont, GA, 30552 generates $1,924/mo in rent, after a $2,203/mo payment. Total monthly income is $1,924/mo. Return on cash invested sits at 13.35% in year one, and rental yield is 5.13% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 67.54% and total cumulative return in cash sums $100,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,924/mo property income rather than buyer’s personal income.
Multi Family
Built in 1986
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30552, Lakemont, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,632 (100%) |
| Owner Occupied HU | 726 (44.5%) |
| Renter Occupied HU | 128 ( 7.8%) |
| Vacant Housing Units | 778 (47.7%) |
| Median Home Value | $354,118 |
| Average Home Value | $545,224 |
Housing Distribution
Address Breakdown
Residential
1,020
Single Family
1,020
Multi-Family
0
Businesses
67
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Listed by: Syed Firoz • Virtual Properties Realty.com
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7459293
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