238 Harbor Pointe DrStone MountainGA30087
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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 Stone Mountain at 238 Harbor Pointe Dr, Stone Mountain, GA, 30087 offers a 15.51% rental yield on a $427,000 purchase with $5,518/mo rent. Total monthly income registers $5,518/mo, and a $2,090/mo payment leaves $2,821/mo available for distribution. Annual cash flow reaches $33,850/yr on $141,551 to close, and return on cash invested stands at 43.82% in year one. Equity gained on principal adds $2,755/yr while 5% annual appreciation supports $117,972 over five years. Portfolio math shows five-year ROI at 231.24% and total cumulative return in cash at $327,321. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,518/mo property income against a $2,090/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.30 Acres lot
$N/A/sqft
$295 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30087, Stone Mountain, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,499 (100%) |
| Owner Occupied HU | 11,239 (77.5%) |
| Renter Occupied HU | 2,608 (18.0%) |
| Vacant Housing Units | 652 ( 4.5%) |
| Median Home Value | $383,971 |
| Average Home Value | $420,818 |
Housing Distribution
Address Breakdown
Residential
13,968
Single Family
13,342
Multi-Family
626
Businesses
950
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Listed by: Lucretia Ramsey • EXP Realty, LLC.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7431423
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