Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Locust Grove at 242 High Court Way, Locust Grove, GA, 30248 offers $3,872/mo rent that, after a $1,591/mo payment, leaves $1,740/mo cash flow. Total monthly income is $3,872/mo, and annual cash flow is $20,885/yr on $107,738 cash. Return on cash invested measures 39.29% in year one, and rental yield stands at 14.3% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 207.3% and total cumulative return in cash reaches $223,345. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,872/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
6,534 sqft lot
$N/A/sqft
$1,060 annually HOA
Neighborhood data shown for ZIP Code: 30248, Locust Grove, GA area.
| 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 |
Residential
11,804
Single Family
11,804
Multi-Family
0
Businesses
822
Date | Event | Price |
|---|---|---|
| 2024-09-04 | Listed for rent | $2,350 |
| 2024-08-12 | Listing removed | N/A |
| 2024-06-26 | Price change | $335,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-16 | $3477.31 | 3.36% | $127,507 | 35.18% |
| 2022-09-16 | $3364.12 | 20.86% | $94,326 | 20.38% |
| 2021-09-16 | $2783.39 | -2.31% | $78,355 | N/A |
Listed by: Linde Moore • Keller Williams Rlty, First Atlanta
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7439786
Disclaimer: Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please [click here](https://www.fmls.com/dmca) to review our DMCA policy and learn how to submit a takedown request. 2024 First Multiple Listing Service, Inc. [Click here for more information](/info/mls-disclaimers/#mls_30)
