240 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
Investment property for sale in Lakemont at 240 Varnes Ln, Lakemont, GA, 30552 with 5% annual appreciation on a $1,600,000 basis while $6,600/mo rent supports operations. 11% in year one. Equity gained on principal adds $10,325/yr, and five-year appreciation sums $442,051 alongside rental yield of 4.95%. Five-year ROI measures 66.13% and total cumulative return in cash totals $342,831. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,600/mo property income versus a $7,831/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1986
10 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: #7464136
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