238 Harbor Pointe DrStone MountainGA30087
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 238 Harbor Pointe Dr, Stone Mountain, GA, 30087 in Stone Mountain: $5,518/mo in rent, $2,820/mo net, 15.51% gross yield, all on a $427,000 acquisition. The 2.87 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $117,972 in value, and $3,933/yr in principal paydown steadily builds equity. Projected total cumulative return: $343,676.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.5% | 6.0% |
| Monthly Cash Flow | $2,820 | $2,096 |
City averages based on Stone Mountain market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,518 |
| Total Monthly Debt Service | $2,527 |
| DSCR Ratio | 2.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices