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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Sparta at 240 Shagbark Ln, Sparta, GA, 31087 earns from $3,048/mo rent with a $4,400/mo payment. Total monthly income totals $3,048/mo. ROI tracks 10.23% on current figures, and rental yield reads 4.07% at a $899,000 purchase. Equity gained on principal adds $5,801/yr, and 5% annual appreciation supports $248,377 over five years. Five-year ROI reaches 50.76% and total cumulative return in cash sums $150,130. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,048/mo property income instead of your personal income.
Single Family
Built in 2006
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31087, Sparta, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,901 (100%) |
| Owner Occupied HU | 2,551 (52.1%) |
| Renter Occupied HU | 719 (14.7%) |
| Vacant Housing Units | 1,631 (33.3%) |
| Median Home Value | $139,082 |
| Average Home Value | $239,371 |
Residential
4,133
Single Family
4,084
Multi-Family
49
Businesses
209
Date | Event | Price |
|---|---|---|
| 2024-12-07 | Price change | $899,000 |
| 2024-10-17 | Listed for sale | $995,000 |
| 2024-10-17 | Listing removed | $995,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $3094.55 | 1.26% | $97,840 | N/A |
| 2022-02-16 | $3056.05 | -0.21% | $97,840 | N/A |
| 2021-02-16 | $3062.57 | -0.15% | $97,840 | N/A |
Listed by: Kim & Lin Logan Team • Kim and Lin Logan Real Estate
Mls Name: LCBOR
Mls Provider:
Mls ID: #67512
Disclaimer: Copyright Lake Country Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
