2627 Evans Mill DrLithoniaGA30058
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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 Lithonia at 2627 Evans Mill Dr, Lithonia, GA, 30058 listed at $140,000 pairs $1,742/mo rent with a $685/mo payment to leave $819/mo cash flow. Total monthly income runs $1,742/mo, and annual cash flow reaches $9,830/yr on $46,410 cash to close. Return on cash invested measures 41.09% in year one, and rental yield registers 14.93% at a $140,000 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,679 by year five. Five-year ROI tracks 217.04% and total cumulative return in cash totals $100,726. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,742/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1990
N/A lot
$N/A/sqft
$85 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30058, Lithonia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,209 (100%) |
| Owner Occupied HU | 13,725 (56.7%) |
| Renter Occupied HU | 9,216 (38.1%) |
| Vacant Housing Units | 1,268 ( 5.2%) |
| Median Home Value | $278,543 |
| Average Home Value | $331,519 |
Housing Distribution
Address Breakdown
Residential
22,606
Single Family
19,921
Multi-Family
2,685
Businesses
1,390
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Listed by: Virginia Horton-Lee • Atlanta Home Connections
Mls Name: GAMLS
Mls Provider:
Mls ID: #10376376
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.