2649 Parrish CtLithoniaGA30038
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2649 Parrish Ct, Lithonia, GA, 30038 uses $71,936 cash to close to unlock $9,804/yr annual cash flow and $817/mo monthly cash flow. Total monthly income runs $2,165/mo, and a $1,062/mo payment keeps the spread at $817/mo. Purchase price stands at $217,000, and rental yield measures 11.97% with $2,165/mo rent. Return on cash invested shows 33.54% in year one, and 5% annual appreciation builds toward $59,953 over five years. Five-year ROI reaches 175.93% and total cumulative return in cash records $126,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,165/mo property income covering a $1,062/mo payment rather than investor’s personal income.
Townhouse
Built in 2019
5,662 sqft lot
$N/A/sqft
$225 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30038, Lithonia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,010 (100%) |
| Owner Occupied HU | 10,302 (57.2%) |
| Renter Occupied HU | 6,779 (37.6%) |
| Vacant Housing Units | 929 ( 5.2%) |
| Median Home Value | $323,933 |
| Average Home Value | $354,864 |
Housing Distribution
Address Breakdown
Residential
17,475
Single Family
14,223
Multi-Family
3,252
Businesses
554
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chenell Young • Solutions First Realty, LLC.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7638041
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. 2025 First Multiple Listing Service, Inc. [Click here for more information](/mls-disclaimers/#30)