








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 Rising Fawn at 242 Mac Lake Dr, Rising Fawn, GA, 30738 generates $2,399/mo in rent, after a $2,932/mo payment. Total monthly income is $2,399/mo. Return on cash invested sits at 12.29% in year one, and rental yield is 4.81% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 61.91% and total cumulative return in cash sums $122,002. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,399/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
2.77 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood data shown for ZIP Code: 30738, Rising Fawn, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,116 (100%) |
| Owner Occupied HU | 1,496 (70.7%) |
| Renter Occupied HU | 262 (12.4%) |
| Vacant Housing Units | 358 (16.9%) |
| Median Home Value | $291,497 |
| Average Home Value | $341,940 |
Residential
1,789
Single Family
1,789
Multi-Family
0
Businesses
64
Date | Event | Price |
|---|---|---|
| 2025-02-05 | Listed for sale | $599,000 |
| 2023-05-11 | Sold | $490,000 |
| 2020-03-09 | Sold | $212,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-14 | $2427.04 | 11.83% | $110,320 | 12.85% |
| 2022-02-14 | $2170.27 | 14.31% | $97,760 | 9.50% |
| 2021-02-14 | $1898.50 | 177.62% | $89,280 | 10.39% |



Listed by: Chase Jolander • BHHS Southern Routes Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1506889
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