2794 Norfair LoopLithoniaGA30038
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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 2794 Norfair Loop, Lithonia, GA, 30038 listed at $144,900 pairs $1,823/mo rent with a $709/mo payment to leave $707/mo cash flow. Total monthly income runs $1,823/mo, and annual cash flow reaches $8,489/yr on $48,034 cash to close. Return on cash invested measures 37.58% in year one, and rental yield registers 15.1% at a $144,900 basis. Equity gained on principal adds $935/yr, and annual property appreciation at 5% supports $40,033 by year five. Five-year ROI tracks 199.66% and total cumulative return in cash totals $95,905. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,823/mo property income relative to a $709/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2003
4,356 sqft lot
$N/A/sqft
$400 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
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Listed by: Nikki Crowder • Solutions First Realty LLC
Mls Name: GAMLS
Mls Provider:
Mls ID: #10349754
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.