2884 Norfair LoopLithoniaGA30038
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2884 Norfair Loop, Lithonia, GA, 30038 in Lithonia speaks for itself: 11.22% gross on a $199,900 price, generating $1,868/mo in rent and $618/mo in net income after the $899/mo debt service. DSCR 2.08, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,421 stacks alongside $55,229 in projected five-year appreciation and $1,841/yr in principal reduction. Projected total cumulative return: $115,646.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 7.2% |
| Monthly Cash Flow | $618 | $450 |
City averages based on Lithonia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,868 |
| Total Monthly Debt Service | $1,170 |
| DSCR Ratio | 1.60x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2002
2,613 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
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
Townhouse
Built in 2002
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Costa E Panos • Realty Associates of Atlanta, LLC.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7508602
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](/info/mls-disclaimers/#mls_30)