240 Grove Pointe DrLocust GroveGA30248
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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 Locust Grove at 240 Grove Pointe Dr, Locust Grove, GA, 30248 priced at $280,000 pairs $1,934/mo rent with $230/mo cash flow after a $1,370/mo payment. Total monthly income equals $1,934/mo, and annual cash flow comes to $2,764/yr on $92,820 invested. Return on cash invested is 22.89% in year one, and rental yield stands at 8.29% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 118.7% and total cumulative return in cash reaches $110,181. For financing, Ziffy Mortgage’s DSCR program evaluates $1,934/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
3.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30248, Locust Grove, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,812 (100%) |
| Owner Occupied HU | 9,530 (80.7%) |
| Renter Occupied HU | 1,862 (15.8%) |
| Vacant Housing Units | 420 ( 3.6%) |
| Median Home Value | $363,565 |
| Average Home Value | $387,256 |
Housing Distribution
Address Breakdown
Residential
11,804
Single Family
11,804
Multi-Family
0
Businesses
822
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Listed by: Mark Spain • Mark Spain Real Estate
Mls Name: GAMLS
Mls ID: #10683332